Ann: Red Bore Exploration Update , page-6

WA what you say about Red Bore might be the case but by your usual standards yours is a pretty thin response to what are extremely disappointing results. I take it that you expected more as did we all.

They drilled the holes and found nothing, a common enough thing in the mining business but again hopes were raised because of the much touted anomalies. Perhaps they didn't go deep enough or were in the wrong place who knows. They don't at the moment.

The uranium always was the main game but because of the very good initial drilling results at Red Bore I and many others had believed that the copper results would be quickly proved up.

The moral must be to save the best or very good results for later in a drilling program.