Far Southeast project - Project ownership and capital expenditure

The project is held by Far Southeast Gold Resources, Inc. (FSGRI), a joint venture company of Lepanto Consolidated Mining Company (LCMC) and Gold Fields. To date, Gold Fields has acquired 40% of FSGRI for payments of US$230m and has the option to acquire a further 20% by paying an additional US$110m and incurring initial development costs totalling US$165m. The tailing facility TSF5A is 50% owned by FSGRI and 50% by Lepanto.