The Tropicana Gold Project is located at the northern end of the Tropicana Joint Venture tenements, and is centred on the Tropicana and Havana deposits. The Tropicana deposit was discovered in 2005 after AngloGold Ashanti Australia followed up an unexplained gold in soil anomaly. The Havana deposit, just to the south of Tropicana, was discovered in 2006.

The first resource for the project was announced in December 2007 and an increased resource estimate was announced in January 2009.

As at January 2009 the Mineral Resource contained a total of 5.01 million ounces, with 19.9 million tonnes of Measured material grading 2.38 grams/tonne, 31.0 Mt of Indicated material grading 2.06 g/t and 24.3 Mt of Inferred material grading 1.83 g/t.*

In August 2009 the partners agreed to commence the feasibility study. This study will be based on open cut mining of the Tropicana and Havana deposits and was investigating a range of ore processing rates up to 7 million tonnes per annum. The study is scheduled for completion in the second half of 2010.

Please refer to the AngloGold Ashanti and Independence Group websites for the full resource statement.

*The information on this website that relates to Mineral Resources is based on information compiled by Mark Kent, who is a full-time employee of AngloGold Ashanti Australia Ltd, and a member of the Australasian Institute of Mining and Metallurgy. Mark Kent has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves'. Mark Kent consents to the inclusion in this report of the matters based on his information in the form and context in which it appears