Ann: Assays confirm Magnetite potential at Morrisey, page-14

Was a decent report, hit pretty much my expectations for the drill relative to magnetic signature.

As said before, size of this magnetite would yield a project the scale of Fenix project very close by mining haematite as is, they are trucking to Geraldton startingon roads again very close to AQD Waterfall. Project would be saleable or developable by a small-mid sized company for "green" iron. Pretty sure the DTR will be similiar, ~70% given the new drill locations relative to previous that have been DTR'ed.

For me, what will S32 now request? Drilling other geologic units within the same trend... or further define waterfall? If other units, this will be exciting, and could in quantum steps define "several" waterfalls, making attractive to S32 for scale and market for AQD.

Peru... copper...wait on in-fill drill results, so far no announcments of visuals which may suggest that not the El-Delardo of copper as in super high grade.