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Dargues Reef Feasibility Study Continues

Since the 1850s, gold has been an integral part of the Braidwood districtÔÇÖs heritage and
identity. Cortona ResourcesÔÇÖ proposed Dargues Reef mining operation, which has been
five years in the making, presents a major opportunity for the region.

Managing Director of Cortona Resources, Peter van der Borgh believes if the project is
approved, the considerable Capital investment and projected revenues will make it one of
the biggest undertakings the Palerang Local Government Area has ever seen.

ÔÇ£The project will deliver significant investment and is expected to inject millions of dollars into the local economy each year. We anticipate there will be numerous positive flow-on effects for the region starting with road and power upgrades for people in Majors Creek and Araluen,ÔÇØ Mr van der Borgh said.

ÔÇ£Dargues Reef will create between 60 and 80 new permanent jobs, and for many of these
we will give preference to people from surrounding communities. The mine will provide
training for employees who will develop skills of value beyond the project.ÔÇØ

ÔÇ£We also envisage opportunities for local service providers, cottage industries and
tourism,ÔÇØ Mr van der Borgh added.

The Definitive Feasibility Study for the project is ongoing, with the collation of an
Environmental Assessment almost complete.

Cortona will be hosting informal information sessions on Friday 13th
and Saturday 14th of August at the Majors Creek Community Hall.
With the Environmental Assessment expected to go on public exhibition around mid-September, this is an opportunity for the local community to find out more about the project, look at the plans and speak to the Environmental Assessment team.

Representatives from Cortona will also be on hand to answer questions and collect the
communityÔÇÖs feedback. All are welcome to attend.

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