Ann: Noosa Mining Conference 10-12 November, page-2

Excellent presentantion by Jason Beckton:

Why? Not a slide reader and he addressed the thinking of shareholders.

Paraphrasing here, but pretty exciting future for the company in my opinion.

• Webbs Consol was the "reason" Jason joined the company
• The drill program at Webbs Consol has been extended and they are currently "drilling around the reported intersection right now".
• They have extended the drilling beyond the current program "as we think we are onto something immediately" (intense!!).
• Hudsons is clearly the most exciting gold target - i.e. the project "most overdue for drilling".
• Gold evidence at Hudsons is not only along strike but across strike as well. Micro veinlets carrying the gold, so they believe the system is broad, not narrow. Excited by the tonnage potential here - dis gold system. RC drilling to commence shortly
• About to start drilling Fender (prior to Xmas) once the diamond rig is finished at Webbs Consol (still drilling!!).
• In a month or so, the three targets (Trough Gully - maybe 6 or more holes, Hudsons and Webbs Consol) will have had some drill testing. So shareholders will be looking forward to accompanying newsflow.

Once again, impressive presentation as they (Jason) didn't talk about themselves, referred to a grading of targets (what deserves to be drilled: Martins Shaft not as good as Hudsons, Thor the riskiest), mentioned that they are not trying to uncover the mysteries of the belt - just walk up, point blank targets. Incredibly refreshing not to hear a company boasting about of their landholding and anom soil samples...

Above is not financial advice and my opinion only.