Ann: Change in substantial holding , page-5

Well the company stated that it was expecting to complete in April/May a low-level aeromagnetic scan to map the structure and banded iron including formation distribution within the Cabral area of interest and in parallel the geological team will undertake reconnaissance geological mapping of key targets at Morro do Gergelim and others.

So from this I hope for some type of announcement by the company.

In the meantime I await news on Cabral's statement that it has already identified additional areas for acquisition and consolidation to grow its regional portfolio target to over 1.0 billion tonnes of beneficiable magnetite iron ore, an announcement of this could come at any time.