sp, page-20

A bit on the low side of expectations but it is around the mark. I estimate the scoping study for MB will be positive and warrant progression to feasibility stage however the resource needs to increase further for substantial sp rises.

For increasing the resource I am expecting more drilling at Sandy Creek, Mundoe and Wirlong/Red Shaft (100% PEX) in the very near future.

Then there is Butchers Dog - the pyrotite mineralization appears (based on existing model) to spread over a distance of 500 metres (north - south). Where is the elusive high grade copper orebody? If i understand correctly the two Butchers Dog holes (BDDD001 and BDDD002) were drilled into the south end only. A further two or three holes along this 500m traverse may well be required - at 250K per hole it is a tough call but a necessary one.