AOR apollo series 2013-1 trust

AOR takeover at $4.50 , page-10

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    Also what no one else has mentioned is the following in conjunction to its bid for AOR:

    Placer Dome Updates Gold Resources & Progress at South Deep:-

    Concurrent with its bid announced today for all of the outstanding
    shares of AurionGold Limited, Placer Dome is pleased to report
    increased resources at its global exploration properties and is
    reporting inferred resources at its operating mines. These resource
    estimates stand in addition to the company's proven and probable
    reserves of 44.5 million ounces of gold, which are set out separately
    in Placer Dome's 2001 annual report.

    The company has also concluded a new timetable for completion of the
    expansion project at its South Deep mine in South Africa.

    The new exploration estimates and updated South Deep expansion
    project timetable will not have any effect on the Company's guidance
    for the full year 2002, as announced on Thursday, February 14, 2002.
    Placer Dome continues to expect to produce more than 2.5 million
    ounces of gold and 420 million pounds of copper in 2002.

    At Placer Dome's exploration properties, mineral resources total 42.6
    million ounces measured and indicated and 13.0 million ounces
    inferred. Inferred mineral resources at the company's operating mines
    amount to 7.6 million ounces. Measured and indicated mineral
    resources at operating mines, as reported in the company's 2001
    annual report, total 40.6 million ounces. Detailed figures and other
    relevant information on a mine-by-mine basis are included as an
    attachment to this release.

    Commenting on these figures, Placer Dome President and CEO Jay Taylor
    said they speak to the quality of the company's portfolio of projects
    for future development. 'Many of our properties are becoming
    increasingly attractive in today's rising gold price environment, and
    with the resources we have identified at our exploration properties,
    will form the backbone of our company's future growth,' he said.

    Placer Dome also today issued an update for completion of the South
    Deep expansion project. The company now expects gold product-ion will
    gradually ramp up from 400,000 per year in 2002 to 700,000 ounces per
    year by 2007, averaging 600,000 ounces per year over this five-year
    period. Beyond 2007, production is expected to exceed 750,000 ounces
    per year, 50,000 ounces per year higher than past estimates.

    Cash and total costs will be unchanged in 2002 at approximately $170
    and $208 per ounce respectively. Over the following five years the
    company expects cash and total costs will average $145 and $180 per
    ounce respectively. Longer term, after full production is achieved,
    cash and total costs are expected to average about $135 and $175 per
    ounce respectively - below previous guidance of $160 and $180 per
    ounce respectively.

    The new mill is currently under commissioning and the first gold pour
    is expected in mid-June. The main shaft has now been completed.
    Commissioning is planned for late 2003, with full operation by 2004.
    The vent shaft is expected to be commissioned in the fourth quarter
    of 2003. "The mine sits on one of the world's most robust ore
    bodies,' Mr. Taylor said, "'and we expect South Deep will be a key
    contributor to our future growth. Given the size and complexity of
    the expansion, we felt it was necessary to revisit our initial

    The information in this release has been included in the Bidder's
    Statement for the proposed purchase of AurionGold. The Bidder's
    Statement will be lodged with the Australian Securities and
    Investments Commission and is intended to be dispatched to
    AurionGold's shareholders in approximately two weeks time. Placer
    Dome will host two conference calls to discuss the proposed purchase
    of AurionGold as well as the contents of this release. The first call
    will be held from Sydney at 10:30 am on Monday, May 27 (AEST), which
    is Sunday, May 26 at 8:30pm (EDT) and 5:30pm (PDT). Interested
    participants within Australia can access the call by dialling
    1-800-00-96-96. From North America, dial 1-800-4200-0000. From other
    countries or for operator assistance please dial +61-3- 9221-9755.

    Due to the Memorial Day holiday in the US, the second call will be
    held on Tuesday, May 28 at 9:30am (EDT), 11:30pm (AEST). This call
    can be accessed from North America by dialling 1-888-694-4768. From
    all other countries, please dial +973-321-1030. Both calls will be
    webcast live at, and archived thereafter for a
    period of 30 days.
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