Ann: Tabac Project - Key Tenement Granted & Drilling Update, page-15

At the AGM the vendor of the Tabac Property to RIR said they picked it up on the basis of previous exploration history (plus basin analysis and ?else) including, I presume, what MCT have put out in this announcement. MCT are probably at a slightly earlier stage of exploration to RIR - assessing old data but haven't apparently done any field confirmation work, at least not reported any yet.

The presence of "independent" cobalt assays 50 odd Kms from Tabac is encouraging but further work is necessary to show how relevant the '25Km long Kyarra cobalt anomaly' is to Tabac.

RIR will hopefully have drilled their side of the basin and know if economic Cobalt is present in the BWM. So MCT benefits, or not, from RIR's drilling.