Ann: Kambale Drilling, Geophysics & Metallurgical Testwork Update, page-2

Most of the announcement is of no significance difference to what we already know. It could have been treated as not price sensitive. My three key takeaways based on what I perceive to be an update or different to what we already knew:

1) Infill drill program has increased from 34 to 44 holes based on the additional ground covered using the Loupe EM
2) Additional delays with the phase 2 metallurgical test work (now late July) - this is something I has already raised as a concern. I hope the board is acting diligently here and under the corporations act and informing us in a timely manner as opposed to covering up poor results
3) Ambiguous time frames - when will the drilling actually conclude, how does that impact MRE update specifically