Ann: Phils Hill Drilling Update, page-166

The reason the 27 Jul announcement was made, was, up until then, the market expectation was that drilling commencement was imminent. The weather changed that, hence the announcement advising investors. " Pursuit Minerals Limited (ASXUR) (“Pursuit” or the “Company”) advises that due to the severe weather forecast and rainfall the drilling program has being delayed."

Investors understanding now is that weather is preventing progress. Once the company is aware of details that will change that understanding they will release the relevant information. Until then, " Pursuit Minerals Limited (ASXUR) (“Pursuit” or the “Company”) advises that due to the severe weather forecast and rainfall the drilling program has being delayed."