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Capital expenditure (R000’s)1,200,000Total Modikwa1,000,000800,000600,000400,000200,000-2002 2003 2004 H1 05Total Modikw a 1,077,952 438,241 147,212 111,628• Approximately R 160 m to be spent on average on LOM ongoing / replacement capital• Approximately R 100 m additional to be spent per year during decline deepening