Question: ABC Mining has undertaken a Pre-Feasibility Study (PFS) for its ABC Project and is preparing a Public Report to the ASX reporting the resulting Probable

ABC Mining has undertaken a Pre-Feasibility Study (PFS) for its ABC Project and is preparing a Public Report to the ASX reporting the resulting Probable Ore Reserves for the first time. ABC and the Competent Person(s) will report the Probable Ore Reserve, including the PFS assumptions and outcomes, in the announcement in compliance with ASX Listing Rule 5.9 and the JORC Code (2012). ABC also intends to report a production target and forecast financial information derived from the production target, based predominantly (>75%) on the Probable Ore Reserves but also on portions of Measured, Indicated and Inferred Mineral Resources. Provide a response to the following sub-questions:

1. What additional information must be included in the announcement to report the production target and forecast financial information in compliance with the ASX Listing Rules?

2. Is a cautionary statement required?

3. What accuracy range (in percentage) are the PFS outputs, such as NPV, likely to have?

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