Ann: Significant Gold-Copper Discovery at 100% Minyari Project, page-72

@Shines2 No I don't think the current and previous drilling will get Minyari/WACA to 3 million ounces of JORC Resources. My personal thoughts with no basis whatsoever are that we will get to 1.2 million ounces +/- 150,000oz. However if the drilling of the 14 targets gives rise to some good results then we could perhaps also add an exploration target to a depth of 300-400m of a further 1, 2 or more million ounces. I am working on the assumption that quite a few of these targets will have preliminary drilling only without drill out this year. If we we keep drilling and following up good results across the 14 targets then more conversion to JORC resources could happen, at least at the inferred level.

So I think we will be needing another big year to get us to 3 million ounces of JORC resources at Minyari/WACA.

We should also add considerably to the JORC Resources at Calibre/Magnum from this years drilling. We should also have some new prospects with positive results worthy of further drilling out.

The NCM JV has quite a few geophysical targets being investigated as well. I am quite hopeful about the prospects of this work.

If we keep adding ounces the market cap will follow.