Ann: Adelong Gold Project Exploration Continues, page-43

That last point has been noted.

However, this is what Ian said in his verbal JMM Sydney presentation...

"...back to our gold project. A near-term catalyst for us : we will be starting a drill program coming up over the Summer as things have warmed up and in particular, dried out".

In regard to project capital, Ian mentioned $12M in his JMM Sydney presentation, however in his Australian Gold presentation (27/08) he said...

"The Scoping Study spoke to $12M of capital to re-establish production. Inflate that a little & we could talk about $15M..."

There was no mention in either of Ian's presentations about the $3M (uninflated) working capital required for mine development, site-strip, waste removal etc that's additional to the capital required for the plant upgrade. He needs to be a lot more transparent & tell the real story that ADG will need a cash injection of at least $20M to get the mine to production status.