11 Payable palladium produced 1 7 0 0 0 0 1 7 5 0 0 0 oz Cash cost per ounce 1 U S 5 5 0 o z expect ed t o d ec l i ne t o 4 5 0 o z in Q4 Tonnes of ore mined 2 3 M From Surface Stockpile 1 M 1 0 g t From Underground 1 3 M 4 2 gt Average milled head grade 3 0 gt Pd Palladium mill recovery 8 2 Total cost per tonne milled C 5 1 C 5 5 Mining Rate 3 0 0 0 t pd in 1 H 1 4 gr a d ual l y inc rea se t o 5 0 0 0 t pd by YE 1 4 Capital expenditure forecast 3 0 M Exploration budget 1 0 M LDI Operati ons 20 14 GUIDA NCE 1 Non IFR S m ea su re Pl ea se ref er t o N o n IFR S M ea su res i n t h e M D A