Ann: Quarterly Activities Report, page-10

Morning all.
I thought it a good idea to elaborate on the recent announcement and what that means to our intersections.
I have drawn in a red circle which is where I interpret (roughly) what was affected by the previous rights agreement.
In the pic below, RHS, you can see the grades that have been drilled.
There are 15 holes that are all over 100g/m
They are company makers for exploration stories.
We are now free to mine and drill for extensions thanks to recent acquisition of those rights down to 150m.
Below that level we have sole rights as long as we don't intersect more Ni.




For anyone that remembers, (like myself) the DEG discovery hole.



Awesome holes and didn't move the needle until around the next February.
The point is, that it really moved the needle when people finally took note of it.



Now this next pic is the intersection that got attention foe WTM very recently.



Now if you cast your eye back to the top pic with our intersections, you can see that we have 10 holes above those drilled as Deg discovery hole and the WTM hole that attracted attention.
I repeat 10 holes with g/m above theirs.

Where do you find more gold? where you have already found it.
Munda is shaping up to be a nice money earner.
Let alone what we may find at Spargo.
Oh and did I mention that the current GP means that we now have a much higher margin coming out of Jeffrey's?
Or what about the new numbers for Munda yet to be revised.
Don't forget to take note of how shallow our HG in that pic above are too.
I think it would pay to have another look at our capital structure and the fact that we don't need to rely on any CR in the future.
Kind regards, Wack