Red 5 Limited announced strong operational performance of the Siana Gold Project continued throughout the December 2016 quarter, with 18,195 ounces of gold recovered for the Quarter. This takes production for the first half of 2017 to 35,257 ounces. The All-In Sustaining Cost for the Quarter was AUD 1,077 per ounce sold, compared to AUD 1,035 per ounce in the previous quarter. Development of the Siana underground operation has progressed well to date, with the advancement of the main and ventilation portals reaching a combined 100 metres at the end of December 2016. Construction of the bulk emulsion depot and concrete batching plant was completed in December 2016, with the heavy vehicle workshop to be completed by the end of January 2017. The acquisition of three additional second-hand Caterpillar generator sets was completed during the December 2016 Quarter. In light of the change in timing for the long-term TSF, commitments for major capital items for the underground development such as the paste-fill plant and power plant upgrades will be deferred until early 2018. Underground development will continue throughout 2017 using the lower-cost hand-held air-leg mining techniques. Red 5 considers this to be an appropriate measure in the current circumstances to protect its balance sheet, with first underground ore planned for March 2018 and steady-state production commencing around December 2018. The deferment of major capital items will be progressively monitored and may be brought forward depending on the operational performance of the open pit and all necessary regulatory approvals being in place. Based on the current gold price and receipt of approval for the construction of the long-term TSF within the coming months, the plan remains to fund the development of the underground operation from internally generated funding. The Group will also take advantage of the revised operational strategy and its strong cash position to continue ongoing exploration on existing highly prospective land holdings at Siana and surrounding areas. Targeted exploration activities are continuing in the high-priority Alegria-Madja region to the south of Siana, which is emerging as an exciting new prospect. Access tracks have been established to facilitate an initial drilling program, which commenced in December 2016 targeting gold-copper anomalies. A major mapping program will also shortly commence at the high-priority Mapawa Block 2, where free gold samples have been located. The Group intends to spend up to $3.6 million on exploration in this calendar year.