Future Drilling & Assays, page-30

I've sent three emails to Maronan chasing up outstanding assays over the last 6 weeks and must say that they have only responded the once. That response was easy because I asked whether the outstanding assays were yet to be received over a month ago (29th May) and they responded that they have yet to be received. My most recent emails queried why assays had changed from specific months to "Expected Q2" and I summised that the results had been received but were not being reported until the June quarterly report. No response, which forces me to speculate that all outstanding and well over due assays with "Expected Q2" alongside them were assays of low significance and they have been received by Maronan but will appear as side notes in the June quarterly report. The remaining assays with actual months alongside them are still outstanding.

Now, noting that Maronan has quoted in the past that assays should take 6-8 weeks, then that would indicate that MRN14004W1 (231m cu/au strike) is completing its 7th week this week (12th) so due mid next week (19th) if 8 weeks is achieved. MRN 23007 should follow one week later and MRN23008 should follow two weeks after MRN23007. I have skipped MRN23006 & MRN23009 as both these holes did not have announcements released on visuals so I assume MRN23006 will change to Q2 (speculating assays already received) and MRN23009 to Q3. It's unfortunate that MRN23009 did not report nice visuals as it was closer to surface than MRN23007.

So, in a long winded post what I am trying to say is that I expect to see the above three assay results coming out over the next 1-4 weeks as these holes reported significant visuals of high grade ore.