Ann: Yule River Aeromagnetic Survey Evaluation, page-4

ASX 21 Oct Announcement.

Mt Berghaus aeromagnetic data evaluation still incomplete, however, provisional encouraging structural and potential intrusive-related targets have been noted.

.......At the adjoining Mt Berghaus Exploration Licence Application, E45/5041, analysis of the geophysical data is still under assessment. However, a cursory examination of the TMI 1st Vertical Derivative data indicate similar north- easterly structures and potential intrusive-type features. Whilst the Mt Berghaus tenement remains in application status, no surface disturbance activities can be conducted, and the Company will focus its initial exploration activities entirely on the Roberts Hill tenement.