Ann: High Grade Lead-Silver Confirmed at Beta Deposit, page-32

Hi Petr,

Sorry for not responding earlier. I get a lot of questions from different people. If I don't answer straight away, its doesn't mean I'm ignoring you. I'll respond when I have a chance.

Re-read the Rawson Lewis research note. They observe: 'the market appears to be pricing Boab on the PFS mine plan assuming a share issue at A$0.25/sh'. BML share holders should be looking for a catalyst that will cause the market to revisit this thinking. Will these drill results do that? In my opinion - no. The silver intercepts are too modest in terms of grade and strike length. As expected, the market response has supported my analysis here.