Ann: Anomalous PGE over mafic-ultramafic intrusion at Sovereign, page-20

This is broad scout drilling to identify mineralized zones and targets beneath. It has served its purpose of identifying targets for deeper RC and Diamond drilling.

They are going about this in a systematic way which will take time and patience. But for those that need news immediately well the mineralized zone has been further confirmed and identified and new zones in the outright owned Eastern lease have been identified.

Further EM work will be done on this never previously explored site and several targets will be hit will targeted deeper drilling on both the western lease which is JV and the Eastern lease too.

These are good results for what we were doing and what we were trying to achieve from this shallow first pass scout drilling.
The clear intention is to continue on defining targets and proceeding with deeper drilling now we better know where to look.

We are seeing the right kinds of minerals in soil and the right kind of host rock, this was all we could expect from this round of drilling unless in the unlikely event as CHN did we jagged a tail of something that came closer to surface.

I think as management says for 25/30 m deep scout drilling this is a very good result.