Ann: September Quarterly Activities Report, page-16

The recent quarterly from SBM contains some results. Nothing that exciting so far but they are starting a second round of drilling so still in play.

Lake Wells Gold Project, Yilgarn WA
A 585 hole (LWAC0001 to LWAC0585) aircore drill program for 29,337 metres testing 8 targets was completed in Q4 June FY19 with final assay results returned in Q1 September FY20 (Figures 5.0 to 5.1 and Table 7). A detailed ground gravity survey was completed in July 2019 covering an approximate 1,273 square kilometre area with 4,040 stations collected on an 800 metre by 400 metre spacing.
A targeting study was completed over the entire tenement package using historical data, a recent detailed airborne magnetic survey and results of the first aircore drill program.
A second round of aircore drilling, comprising 230 holes for 13,500 metres testing seven targets is expected to commence in October 2019 (Figures 5.0 to 5.1)