Ann: Corporate Update Presentation, page-73

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"The Red Bore prospect owned and/or operated by Thundelarra Exploration (www.thundelarra.com), is situated about 0.5 km southeast of the DeGrussa deposits. Thundelarra Limited reported a drill intersection of 17 m at 11.7% Cu and 1.73 g/t Au. This mineralisation appears to be similar to that of DeGrussa and is hosted in dolerite, **bro and basaltic rocks. The ore minerals include chalcopyrite, pyrite, pyrrhotite, bornite, covellite and magnetite (Pirajno, unpublished data). Some sections almost entirely consist of massive and disseminated granular magnetite, suggesting a transition to massive sulphides (Pirajno, unpublished data). On the other hand, it is also of interest to note that relics of pentlandite and violarite are also present, hinting at the possibility of a Ni-Cu orthomagmatic mineral system, later overprinted by supergene sulphides (Pirajno, unpublished data)."