Ann: Edjudina Gold Project - Mining Proposal Permitting Lodged, page-2

I called and had a good chat earlier today with Michael Denny, the explorations manager at GIBB.

My take on the conversation.

1) Gold is very much the priority as would be expected with gold at all-time highs.

2) Only 10 business days until the Small Mine Operation Permit should be decided on under W.A. Government guidelines.

3) Fancy yellow diamond prices should have held up well, compared to the fall in value of clear diamonds, with the
recent greater acceptance of synthetic clear diamonds.

4) The cachet of Gibb's fancy yellow diamonds needs to be well marketed as a unique natural Australian product
to achieve the premium price they deserve.

5) Both the gravels and stockpiles will likely be targeted in the initial stages when Edjudina gets underway with the
profits from Ellendale.

6) I will be buying a nice big yellow diamond engagement ring for my soon-to-be new trophy wife, with my profits, when all this
comes to fruition

I have been in Gibb since POZ days and have been accumulating, as funds allowed, over the past months,
as to me it currently seems particularly unloved and unappreciated, despite having excellent assets which
can, and will be, exploited by simple low capex mining techniques.

I personally feel Jim and the team at Gibb are very near to unlocking some of the true value of this stock for shareholders.

Good luck to all holders!