Ann: Resources Round Up Conference Presentation May 2018, page-23

Not sure what drilling results are being referred to. The HMS operations for a start do not require drilling as BPL has compiled over $100m of previous drilling expenditure and results from the majors that date back to the 1950s. Collating and analyzing these will clearly take some time.. If you were referring to Thackaringa, once again drilling would be a waste of time. Not only does drilling cost $$$ that BPL can spend elsewhere but what's the point at this stage in the game. Wow we have all these drill results but we won't be able to mine the resource for 20 years Until COB lock up shop". The SP has doubled since January, the PFS is coming... We've been given free COB shares and are fully funded. What more can you ask of this companies management. Has the track record to date not been enough?