Ann: Webb Project Drilling Update, page-4

Whenever I see the words ´encouraging’ in the wording I am always uncertain because generally it’s not a good sign. If management were really excited and confident they would have a headline ´known Nb-REE hosting lithology intersected’ or ´IOCG style lithology intersected’ etc. The geology is a bit of a mixed bag so they are probably confused themselves. Generally carbonate is a good sign but they are only small veins within another host rock so something to be weary about. Kimberlite intersections are positive for diamonds though. At the end of the day the assays will do the talking but for now I am not overly confident based on what was said.