Paterson overview, page-23

Your second statement is wildly incorrect.

1. Antipa did drill their 100%-owned area last year.

2. They drilled a massive RC program totalling more than 21,000 metres on their 100% areas last year.

3. And this resulted in the discovery of extensive new gold mineralisation, e.g. their new Serrano-Poblano-Reaper belt.

What they have not drilled yet is that 100%-owned block immediately along strike to the north of Winu. But they already have all the necessary clearances to do this - they had them last year, but the rig wasn't able to get onto the drill sites. This year they have a rig that can, so we are just waiting for them to do that and see if they can jag a 100%-owned northern extension to Winu on that block. A very exciting target. I cannot wait!