Ann: Caula Confirmed as Tier-1 Project -Graphite Assayed as Jumbo, page-6

Looking forward to the Resource size estimates. Will be able to produce share price estimates quite quickly. Likely assumptions will need to be that MUS will take a royalty cut if MUS previously suggested strategy of partnering with a producer are implemented. Guess they will be looking for a royalty in the 35% range ... ? ( based on the royalty MUS pay for the latest ruby license )