daytrading july 30 morning, page-86

SOC -

886m gold intercept confirmed at Mt. Adrah Hobbs Pipe 1 –
Second deep hole underway and progressing well

• 886m @ 1.2g/t Au from surface
o Including: 400m @ 1.4g/t Au from surface
o Including: 720m @ 1.3g/t Au from surface

• Results provide a clear picture of the grade of mineralisation to 886 metres

• Next Deep Diamond Drill Hole (GHD004) intercepts Mt Adrah Hobbs Pipe 1 at ~335m from surface as predicted

• Width of mineralisation being tested
• Confidence grows that Hobbs Pipe 1 is part of a significant new gold system at Mount Adrah

• Metallurgical testing underway by ALS Burnie to validate historical results