Ann: Update on Drilling Activities , page-10

Drilling update re Monty imo is very positive:

Montenegro Base Metals (Monty) Project:
Brskovo deposit - Hole DH13 in particular intersected consistently strong mineralisation for over approximately 53 metres down hole from 68-121 metres.

(53m is a significant thickness of minerlisation)

Visnjica deposit
Drill holes V18 and V20 intersected good visual mineralization.

(consistant with holes V02-12, V03-12, V04-12 & V06-12 drilled as part of the infill drilling program and announced in March quart report)

Zuta Prla deposit
Approximately half of the Monty Project JORC tonnage sits within Zuta Prla and as such this will be a very important resource definition drilling programme.

(5 holes for approx 2000m of drilling, should results be whats expected, will allow for a signifcant coversion of inferred to indicated catagory upgrading the Monty JORC resource substantially)

IMO its moving quite steadily and positively towards production (hopefully 2014)