Back from the announcement on 6/1/05
In the short term, some duplicate assays from Young will be re-tested. Early in
2005, some in-fill drilling is planned to recover sample for the next phase of testwork
which will be carried out in Sydney if possible and should be complete by 30
June 2005 (this phase is expected to cost about $300,000). At some appropriate
time, the Company will seek a strong joint venture partner for the Young project.
By Order of The Board,
DUNCAN C. PURSELL
MANAGING DIRECTOR
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