Ann: Appendix 3B - Issue of Shortfall Securities, page-32

I put most of the selling down to the capital raise overhang given the generous option issue. Those who participated can sell at 1.7c and still be up given the 3 for 2 oppies. There looks to be someone mopping up at 1.7-1.8 which is encouraging. It is a little hard to see the buying with the weight of selling overhang. Depends what lab but they tend to run quite tight ships from my experience. I would of thought there would be tight controls in place, particularly at the larger firms, including sample anonymity during processing by the lab.

I managed to catch up with Mike yesterday who confirmed, without going into specifics for obvious reasons, that some of the samples needed to be re-assayed. He confirmed drilling is ongoing and indicated a market update was in the works. I suggest you contact the company if you have concerns as I found Mike to be very professional and approachable.