Ann: New assays to underpin Steam Engine Feasibility Study, page-9

The title of the report is "Steam Engine Gold Project" (SEGP)

The first 9 points in the 'to do' list concern SEGP. However, point 10 is about a maiden 2012 JORC MRE for Cockie Creek copper.

There is nothing specifically about Bottletree. However, Ruff highlighted this part (on page 2) '......Interspersed with the key (SEG) catalysts will be exploration updates, including some material updates on the copper projects.'

So, in amongst the further reporting on SEGP we can expect some material updates on the copper projects. That should include the Cockie Creek MRE, and one should expect news on Bottletree.; also Halls Reward I suppose That is to be expected, but is there anything else in the wings?

Simmering on the stove constantly is the money pot. It must surely be nearing empty. Money has to be raised. Given the withdrawal of the Placement balance, I am of the view that replenishing funds will be coming from a non-shareholder or sophs source. In other words, a sale of an asset or two and/or the placement to a new major investor. The company has the capacity to increase the share capital by up to 25% without having to obtain shareholder approval.

Something has to crack soon money-wise.