Ann: Mt Alexander - Drilling Update, page-116

yes – we are increasingly interested in testing the northern tenement following the intersection of shallow nickel sulphides in MAD180 as this supports the potential for parallel Cathedrals-like mineralised trends to the north.



Typically the first phase of exploration in a new area like this would involve air-core drilling to test for more ultramafics and then surface EM to identify conductive targets. Given the MT anomaly, we are considering a deep hole as well – but it’s a riskier way to start exploration in an untested area.



We will consider again after MAD181 and MAD183 are completed, and DHEM surveys for MAD180 and MAD182 are assessed. That will help prioritise the targets.



Regards

John Prineas