Ann: Response to ASX Aware Query, page-52

NCM paid for an existing operating business which had drilling and huge amounts of confirmed information about its resource, NCM believes that given this confirmed information, specifically the shape of the resource, it could POTENTIALLY turn the resource into a TIER 1 asset because its uniquely place because of its IP in block caving.

A lot of time and a truckload of further capital will be required before it is confirmed or not.

AMG has a couple of drill holes and is working on a 3D model being done by and "independent expert" which says potential Tier one asset and that they will use this 3D model to work out where it should drill to see what they have if anything at all.

Major difference.

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