Ann: Commencement of Growth and Discovery Drilling, page-10

Newcrest have not bgt more shares............the increase in shares was due to last years placement & top up rights..............they did not participate in this years raising for obvious reasons of the takeover, thus their holding was diluted by 1%.

That being said, yes a alot is going on at Telfer/Havieron with the ramp up and speculation of divestment or not ...............going to be a real interesting six months coupled with our drilling program

Looks good from here as a very high probability situation of at least 1 of several catalysts heading us northward bound.