Page 41 Contd from pg 40 2012 assuming no changes to PEA is approximately 161 million includ ing 30 contingency The company expected to have ap proximately 180 million in working capital on hand as at September 2012 Rubicon s production closure plan was approved by the Ontario Ministry of Northern Development and Mines on Dec 2 201 1 The remaining permits required for the projected production phase of the Phoenix Gold Project as contem plated in the Preliminary Economic Assessment the PEA contained in on Aug 1 1 201 1 were received dur ing the three months ended March 31 2012 Consultations are ongoing with the local First Nations and Metis commu nities Claude Resources has announced pre liminary production results from its Seabee Gold Operation During the third quarter Seabee produced ap proximately 15100 ounces of gold representing a 24 per cent increase over the second quarter 2012 produc tion of 12166 ounces of gold During the quarter the company milled 66173 tonnes at a grade of 727 grams per tonne Neil McMillan president and CEO stated we are pleased with third quar ter production and excited about our opportunity to continue to increase production in the coming years Our operating staf f deserves a great deal of credit for these results and meet our tar gets going forward During the fourth quarter of 2012 the company expects to complete the Seabee shaft extension The shaft will be shut down for approximately 45 weeks The company expects to con tinue milling during this period and consequently expects to meet its pro duction guidance of 48000 to 50000 ounces for the full year The shaft project will extend the shaft to 980 metres from its current depth of 600 metres This extension is ex costs on the Seabee ore body Claude Resour ces announced pr eliminary pr oduction r e sults at its Seabee Gold Operation Ou r pr odu c t Ou r peopl e Yo u r a d v a n t a g e www r ocktechnet Rock Solid Solutions T o p l e f t T h e T i n a n i u m P T 61 6 P a s t e F i l l P i p e H a n d l i n g V e h i c l e i m p r o v e s e f c i e n c y a n d s a f e t y i n t h e i n s t a l l a t i o n a n d r e m o v a l o f u n d e r g r o u n d p a s t e l l p i p e s Fr o m a n in n o va t i v e c o m p a ny c o m e s insp ir e d t h ink i n g a n d u n d e r g r o u n d e q uip m e n t e n g i n e e r e d to m e et y o u r sp e c i c requ i r e m e n ts R o ck T ech i n troduce s a tri o o f u n i q ue products f o r u n d e r g r o u n d a p p l i c a t io ns d e si g n e d to im p r ov e b o t h p r o d u c t i v i t y a n d sa f e t y T h ey a r e sup p o r te d by t h e m o s t d e di c a te d tea m of p r of e s sio n a l s in t h e b u sin e s s a n d a n a f te r sa l e s sup p o r t n e t w o r k s e c o n d to n o n e Ad va nta g e you