Dioro Information

Dioro is a debt free, unhedged, integrated gold producer with operational ,know-how' in open pit mining, underground mining, mine development, resource development and all facets of exploration. Dioro is listed on the ASX and TSX and has an ambitious growth strategy to build itself into a mid-tier gold producer through exploration and M&A. In 12 months, Dioro has more than doubled its market capitalization, commenced gold production on two fronts, increased its workforce from 5 to 140 and tripled its exploration acreage. Dioro has recently grown its ASX and TSX compliant measured and indicated resource inventory to approximately 2.1 million ounces of gold (when combining the company's 49% interest in the Frog's Leg project and 100% of South Kal project). This does not include another 600,000oz of inferred resources. Dioro has a proven & probable Ore Reserve inventory of 533,000 ounces as at Dec 31 2007. This does not incorporate recent 37% upgrade in the Frog's Leg resource, where feasibility study resource to reserve conversion is 86%. Frog's leg has a growing mine life of 7.5 years and combined with ore from South Kal keeps the Jubilee Mill at 1.2Mtpa capacity for approximately 5 years, more than enough time for exploration and/or corporate success to provide additional ore sources. The Frog's Leg project is located 25km west of Kalgoorlie. Dioro holds 49% interest in the project. After completing the recent resource upgrade (March 2008) the Frog's Leg total measured and indicated resources temporarily stands at 990,000 ounces of gold (Dioro share 485,100 ounces) and proven & probable Ore Reserves of 622,000 ounces (Dioro share 305,000 ounces). Gold production commenced on May 13th 2008 with the first underground gold poured at the 100% owned Jubilee Mill. The South Kal Project (Dioro 100%), which is located 25km south of Kalgoorlie (60km SE of Frog's Leg), includes the operating Jubilee 1.2mtpa mill, 4-5 years of reserves at current production rates, and a measured and indicated resource inventory of ...