ADN vs WAK, page-20

Good point and it is worded very carefully indeed.

BUT.. let's be real.. There wouldn't be much faith in our resources sector for companies to invest money in ventures where they get through multiple stage like exploration permits then the below mentioned "POW" TO THEN be denied a full mining license. It would undermine the whole process if the above mentioned steps were approved and then the last, not. Obviously the "POW" hasn't been approved but it at least has been lodged.

"The submission of a Program of Work (“POW”) application under the Company’scurrent Exploration Licence, to the Department of Mines, Industry Regulation and Safety (“DMIRS”), to enable the excavation of a trial mining test-pit at Cloud Nine; • Applications to convert the current Exploration Licence to a full Mining Licence; and• Scheduling for the commencement of baseline environmental studies."