Ann: Appendix 5B - Amended, page-6

dfl, I awake to your enlightened view that "something is afoot" with IVR. I don't want to spoil the party but if one checks the SA Department of Mines records you will note that back in October an IVR subsidiary applied for a permit to drill "Curnamona" coincidently another Big boy also made an application at the same time, both have subsequently been granted. As recently the 28th Nov an IVR sub amended their drilling permit to include Gold at Olary. The only question is why the delay in announcing this to the market? I remain confident that something is therefore brewing, and the recent share trading would tend to confirm this. This agreement to jointly drill Curnamona make a lot of sense. IMO there is a Big ball of Copper or Gold down there which is also supported by the recent Geophysics. I presume news must be immanent and that the many IVR knockers will get a swift kick up the tail.