Ann: Landowner Negotiations Successfully Completed - Frewena, page-200

Intuition,

The geophysical anomalies on the Mt Lamb trend are comparable in size and intensity to some very large deposits such as Ernest Henry (170 million tonnes), Prominent Hill (220 million tonnes), Mt Isa (800 million tonnes) and Carapateena (900 million tonnes). The jumping spider target is as big as Olympic Dam (but lower intensity). Olympic Dam is in a class of it's own with over 3 billion tonnes of ore. That's gives us an idea of scale.

As for grade, who knows?. We won't even know what metal we will find yet. Gravity/Mag anomalies could be copper/gold IOCGs or they could be SEDEX Zn/Pb/Ag. They could be structurally hosted copper deposits as are common in Mt Isa. They could be barren pyrite/pyrrhotite fault fill or barren Iron oxide breccias with pyrite.

This is a win big or lose big type of play. The weight of information says there is likely to be something there and it's likely to be big. It's likely to be much bigger than the company making deposits that Carnaby, Emmerson and Tennant Minerals are currently unveiling. This type of discovery could be transformational for shareholders. Or it could turn out to be nothing.

Once the mud dries out, we will find out.