Ann: Chairman's address and AGM presentation, page-47

It should be noted that some of these company's are now diversified,spreading risk and moving forward...Have high grade alternative license's non encumbered by the start up project and even more promising.For 100% ownership 1 million dollars is all that will be required for a stand alone project.

Is this the only project or are there plans for expansion beyond Chilalo mineral resource which is not encumbered.

As a strategy another company selected a small likely target for start up. The unencumbered one that can be self funded is all theirs.

Croc