text: Impairment – Challenger Gold Project 
  The Group announced on 28 June 2013 the impair- 
  ment of the carrying value of the Challenger Gold 
  Mine as a result of the change of the mine plan to 
  focus on the higher grade Challenger West 
  orebody. The revised mine plan is the result of a 
  strategic review of the Challenger Gold Mine in 
  response to the significant and sustained decline 
  in gold price and the mine’s operating perfor- 
  mance over the 2013 financial year.  While the Challenger Gold Project is expected 
  to generate positive cash flows based on 
  the revised plan, the cash flow estimates no 
  longer support the full recovery of the carrying 
  value. As a result of this assessment, the 
  Group has recorded an impairment charge of 
  $311,850,000 pre-tax, related to the carrying 
  value of the property, plant and equipment and 
  mine properties at Challenger Gold Project. 