Ann: Appendix 5B Cash Flow Report, page-6

Good Afternoon Cfully,

I hope you are well mate where ever you are in this crazy world.

For the Gold on the tenement i can only assume that it looks promising hence the rush to do more drilling, its good to see the company active at least.
I dont know much about gold, copper of the rare earths here, i'm more here for the iron ore which i do think they have the high grades similar to what Fex has and alot more of it. (i'm very optimistic)
For the iron ore you speak off at pharos, i think the drilling campaign starts very soon (if not already) ad the results are due back in October for the J/V with SCN.

Fex on their own ground (nothing to do with SCN) are doing a small drilling campaign to hopefully extend either direction by about 500 m each and they think they will be mavbe able to squeeze out an additional 1 million tonnes, but they are going to have to go drilling for this.

Hope that helps clear the air.

Rooks