Ann: Brolga and Aquila drilling update, page-33

Close analysis does not give a negative picture at all but one of an interim scenario due to slow drilling progress and problems.
The positives and potential...
Brolga
At 30320E another 80 meter step-out with RC50 RC51 RC5 - sulfides and results pending.

At 30400E - fig 3 - RC037D has consistent low grade hits with all DD results from 200m to 400m, and about the same distance in scattered mineralisation still pending. RC032 has good earlier results and up-dip RC053 RC054 results pending. All three require further DD through to the footwall. RC032 will potentially find a continuation of the mineralisation at depth found in RC053 RC054 RC057. Would be surprised if it doesn't.

At 30480 - fig 4 - RC035D reasonable gold mineralisation figs, with assays below 250m and in mineralisation still pending. Diamond tails still required for RC022 RC024. Assays pending on RC034D but it did not indicate mineralisation.

At 30580 - Only a minor improvement with the RC024 hit of 10.2/0.5 but already a cracker of a section. Diamond tail testing to continue.

Aquila
RC043 - 048 to test Aquila inter-relatedness to Crow.

At 29820E - sediments and low grade mineralisation but no worthwhile additional results.

At 30160E fig 7 - Drilling issues. HERC029 terminated before reaching the gold zone. HERC031 drilled 6m into the gold zone @ 2.4g. 100+ meters yet to drill - good potential.

At 30240E fig 8 - Can't say I understand the structural issues here. DD003 result is excellent width and grade including high grade surprises - Diamond tails planned.

AT 30480E fig 9 - RC038 26/1.5 shows good continuation of the AC297 mineralisation of 50/2.5 and 2/3.2. RC039 is a disappointing 10/.8 but terminated due to drilling issues - therefore this is an incomplete picture. DD to remedy.

So - this is an incomplete but positive result / picture. Most of the gaps of information will fill soon. The only negative for Aquila is that grade seems to be petering out to the west.

DYOR - GLTAH

Lou