Ann: Quarterly Activities Report, page-9

Muzza

Point 1 will not be happening very soon. The Company has stated that they are preparing an Inferred Resource. This is the lowest quality of Resource under the JORC Code. While it may seem to be a reasonably highish number, the actual conversion from Inferred Resource to what actually can or will be mined is generally low, and could be only 25% of what they state in the Inferred Resource.

Inferred Resources are designed to wow low sophisticated investors by publishing a high number, but in reality the what can actually be mined can be very small.