Bardoc Gold to report the results of the successful Cash-flow Optimisation Study conducted on its 100%-owned 3.07Moz Bardoc Gold Project near Kalgoorlie in Western Australia. The results of the Study have validated Bardoc's proposed plan to increase the forecast gold production rate, margins and free cash-flow during the first five years of operations by bringing forward production from the Aphrodite deposit in the mine schedule. As part of this revised strategy, the proposed processing facility would be located at Aphrodite, rather than next to the Zoroastrian and Excelsior deposits. This provides the opportunity to extract further value from the 1.6Moz Aphrodite Project and, in the future, from the highly prospective Omega, Sigma and Gamma Lodes, where recent exploration success has highlighted the strong potential for significant Resource growth. The Cash-flow Optimisation Study has concluded that the revised strategy will increase total production in the first five years by 80,000oz. It will also see Bardoc reach mid-tier producer status sooner, with production forecast to ramp-up to +150,000ozpa by year three. Importantly, the new plan will allow the Company to reap the benefits of underground mine extensions earlier in the project's life. As part of the Study, Bardoc has taken into account the rising costs across the mining industry in its revised financials. Despite these forecast increases, the project generates extremely robust margins of over AUD 1,000/oz at current prices. The Company believes there are further significant improvements to be made through operating efficiencies to improve the cost profile of the operation. Changes to the mine schedule have focused on bringing Aphrodite forward in the plan and mining the high-grade underground deposits. These mine schedule changes increase the forecast production rate to +150,000ozpa from year three of operations ­ a production rate the Company intends to sustain through potential future Resource and Reserve growth at the Zoroastrian and Aphrodite underground mines.