Ann: Mt Alexander - Exploration and Development Update, page-62

Hello Kip,

I don't know if it came up in one on one discussions with some of our posters, I didn't approach JP on the matter of drilling curtailment because I always assumed there were valid reasons why the technical team on-site changed directions. I did allude in earlier posts that we should have the deep drilling programme in conjunction with a shallow drilling programme to test the shallow mineralisation incorporating the main 5km. central zone of the Cathedral Belt between Cathedrals and Investigators and I proposed that we should have had 4 rigs doing these programmes. Perhaps this was an ambitious approach or, perhaps COVID19 was an obstruction or perhaps we couldn't budget for this to take place.

I also suggested for directional drilling with the deep holes instead of drilling new holes to drill close peripheral targets. that could have saved much time and probably money. I've been away from fieldwork for a long time and don't know what costs are these days and maybe this also was a limiting factor. As to the Canadian metallurgy exercise, I thought it was a routine laboratory style of operation and didn't think much of it. Obviously, it was botched up in an amateurish way. I really don't think it merits much comment.

Anyway, what is done is done and we should all now learn from it what to do as we move on. In the meantime let us aim for a good year ahead and enjoy a happy festive season.

Cheers to all,

Helmenesh.