Current Finance Facilities Available

In regards to current financing position throughout the June Quarter BLR has had available $1.7Mill  (Loan facility) + $168,000 cash

Estimated cash outflows for each ongoing Quarter ( inclusive of Administration & Development ) equates to approximately $400,000 per Quarter


NOTE
All Hansen Exploration plus 5Ton Ablation major Development Costs are no longer in need of further financing - apart from some minor pipework design to which has apparently already been completed but as yet not confirmed by Management

Now awaiting some form of Commercial Deal associating Ablation technology plus ongoing battle in attaining permitting for developing the Hansen project




Therefore Cost operation shall be dramatically reduced over the short term period up until early 2015


Totals near $2Mill to which should see us through till the January 2015 Quarter