Ann: Drilling Completed at Challa North, page-55

Vanadium price is showing no signs of stopping increasing further overnight to $33.90.

"As announced to ASX on 30 April 2018, initial mapping by the Company discovered meta-**bro outcrop and magnetite banding at Watson’s Well. Unlike the Yarrambie prospect, outcropping rocks and float appear to be Mafic, rather than Ultra Mafic. In the June quarter, the Company conducted a MagLag sampling program over a controlled grid and also sampled insitu magnetite layering at surface. Chemical assays received by the Company have shown peak values up to 1.64% V2O5 in rock chip samples.

During the September quarter, the company undertook an extensive mapping and surface sampling program across the most prospective zones of the anomaly. Mag Lag sampling on a 250m by 100m grid was undertaken over a 2.4km2 area. Rock chip samples were also taken from outcropping magnetite - see Figures 2, 3 and 4 below. Assay results for the September program are currently pending".

SFM has surface sampling during the September quarter. I just wonder what is the sample results? How long it take to analyse surface sampling (they are not drilling samples). If sample results are positive, which I have full confident the Watson Well geological structure.

When drill can be commencing? If drill sample results are positive SFM is going to be one of Vanadium producer or joint venture, ore farm out possibilities?

Having further investigation of gold deposit fine, however I believe gold is not the prime target!!!

Please provide us a detail information regarding those matters.