Ann: Drilling commences at Lady Ilse gold copper porphyry target, page-4

The long awaited, most anticipated drill in a long time, has begun!


"Company has

applied the ‘Cadia East Exploration Model’ and descriptions from Alkane’s nearby Boda porphyry discovery to guide its exploration

in the Lady Ilse District.

Key features of both Cadia East and Boda are present at Lady Ilse

with the

scale of the pyrite halo (alkalic lithocap)

suggested by the datasets in the Lady Ilse District (Figures 2, 3)

highlighting a much larger scale opportunity than Boda,

with the

potential for preservation of a Cadia East scale gold-copper porphyry system."


If results are anything like Boda,

we'll

add $200m-$300m to the market cap, like ALK did,

and

then we're on our way to much much higher market caps as more results come through,

especially if it does turn out bigger than Boda/Cadia East size.


Cheers,

GB.