Adrian Bancilhon

April 21, 2017

Danke, Bluefield,

" It is important for PanAust to minimize the total cost of ownership while ensuring a high level of security in all of our business areas. Our collaboration with Gerard Wood and his team at Bluefield aimed to create an economic analysis process to assess the total cost of purchasing and owning our mobile assets. To do this, we needed to be able to make informed business decisions to optimize the performance of our mining facilities, identify cash flow, and plan for the long term so that these important decisions could be planned. We were thrilled when our partnership with the Bluefield team was able to build and implement a Life Cycle Management (LCM) program that resulted in immediate and significant cost savings even before we completed the project. The LCM program is now part of what we do at PanAust and has delivered results that have exceeded our expectations for real cost savings and the speed at which we were able to achieve our goal. What we appreciated most about working with Gerard and his team in Bluefield was their ability to break through the perceived complications of an LCM program through simple systems and processes, to challenge and attract our employees, and to deliver the expected results."

Adrian Bancilhon,

Group Maintenance Advisor, PanAust Limited