Ann: Element 25 Commences Butcherbird Stage 2 Expansion, page-20

Hi Whatsthetip - thank you for your comments !

I think you have taken mine out of context however.

I do not dispute the six bullet points information in your comments, however;

1. In the case of TG6 best intercept i believe was 19m @ 1.6 Li approx with the intersection being closed off in direction and thinning ! This does not make for a resource, however this is a first pass drill program and as usual is giving more questions than answers but that is the nature of exploration.

2. A soil anomaly is simply by definition as target - not a resource. All targets are not fertile !

3. High grade rock chips are indicative of geochemistry and are not a resource.

In the case of TG6 as the example they are years ahead of E25 in exploration activity and have spent millions of exploration dollars and time in this project. In the case of E25 looking at ASX ann there has been very little time and funding spent on this tenement. So my point is why should E25 divert assets (time, shareholders funds, effort) in this tenement instead of completely focused on manganese project in terms of development and increased production to the shareholders.

That's all IMO.