is cash backing 0.5c now?, page-90

"SANDSTONE

During the year the Company advised that it had completed a follow‐up drilling programme at the Sandstone West Prospects, Golden Raven and Golden Raven North (Figure 3).

Previous prospecting activities by prospectors and exploration work by Beacon had identified the Golden Raven gold prospect, which is located approximately 5km west of the Murchison town of Sandstone. Recent prospecting activities had identified a further prospect area, located approximately 800m to the north‐ northeast of Golden Raven, which had been named the Golden Raven North prospect.

At Golden Raven, a programme total of 27 angled aircore holes for 1,444m (GRAC035‐061) was completed, while at Golden Raven North a smaller programme of 6 angled aircore holes was completed for 472m (GRAC062‐067).

All holes were drilled to blade refusal, thereby testing the entire regolith profile. There were few intercepts of interest from either prospect area. "

.........

"During the year the Group relinquished L30/57 and L29/124 (2015: E77/1713 and E57/0946). During the year exploration expenditure is written off as incurred. "
........

seems like they got rid of it