Attached please find a press release on: Signature Metals Limited (ASX: SBL) announces preliminary results from an internal scoping study into the expansion of production at the Konongo Gold Project in Ghana.

The Company anticipates being able to increase the plant throughput to 700,000 tonnes per annum with relatively modest capital expenditure in the order of US$3-4 million. This would lift gold production to between 40,000 and 60,000 ounces per annum at head grades between 2 and 3 g/t. The increased throughput would also result in a reduction of operating costs in the order of 5 to 15%.