equigold nl asx release monday 31 july 2006 page 1 of 20 bonikro gold project bankable feasibility study complete board approves development the directors is pleased to announce completion into in ivory coast on basis successful results has approved confirms robust nature key are summarised below physical parameters unit milled ore tonnes 13 819 000 grade g t 88 recovery 94 produced ozs 785 084 mill throughput oxide fresh tpa 2 750 mine life years 6 75 operating cash cost us oz 251 capital 55 968 owner operator mining fleet 17 837 beneficial interest 84 0 financial 600 price 500 surplus pre 248 900 172 net return after all royalties taxes and