Ann: Annual Report to Shareholders - YE 31 December 2014, page-2

Looks like the "cunning plan" is contained in section 4 of the notes on the financial statements.

1. Going Concern

The financial report is prepared on a going concern basis which reflects the Directors’ expectation that the Group will be able to realise its assets and settle its obligations in the normal course of business. In making this assessment the Directors have prepared cash flows forecasts until 31 March 2016, taking the following into consideration:

• The Group will fund minimum holding costs in respect of the Trenggalek tenement in order to keep the project in good standing while it looks for a new joint venture partner/funding to continue the exploration program;

• The Group, having exercised options to earn an interest in two projects in Australia and retaining an option to earn interest into a third Australian project, is expecting a modest level of expenditure during the initial earn in period while the Group assesses the technical merit of these projects and seeks to identify potential joint venture partners to fund project expenditure and earn an equity interest in each project;

• The Group is in a relatively strong cash position with $1,506,317 in cash as at 31 December 2014 and intends to raise additional new capital in the year ended 31 December 2015, subject to suitable market conditions. These funds will be applied to meet the Group’s cash burn rate and committed obligations.

If additional funding cannot be obtained, there is a material uncertainty whether the Group will be able to continue as a going concern. However, it should be noted that if additional funding is not obtained, the Company would take steps to reduce its operating expenditures and would likely operate on a basis such that it would not incur liabilities that it was not in a position to pay from available cash resources.

If the Group is unable to continue as a going concern in the future, it may be required to make adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities in order to realise its assets and extinguish its liabilities other than in the normal course of business and at amounts different from those stated in the financial report.

MG