Ann: Deepest Hole at EM1 Returns Spectacular Grades, page-12

Hi Dlovely,

In response to your question, they are a long, long way away from mining. Much more drilling is required and if this is successful then they still have to calculate a maiden resource, complete a feasibility study proving that the deposit can be mined profitably, raise finance for the mine development, obtain the necessary Govt. mining/environmental approvals, etc etc. This is a long process, likely 3+ years from mining. Having said this, the share price may increase significantly in the interim if drilling results continue to be positive and demonstrate a significant, economically viable deposit.