Ann: Encouraging Drill Results at Yarrambee, page-4

So, quite promising results at TBW:

- YERC003 (2m @ 2.29% Cu and 5.5 g/t Ag from 57m)
- YERC004 (5m @ 0.64% Zn and 0.24% Cu from 120m, including 1m @ 2.0% Zn from 121m)..

The drilling at TBW not only directly demonstrates the potential for economic base metal at the prospect specifically but also indirectly the potential for new target horizons to be discovered not only within the Narndee Cluster but also the larger Yarrambee project itself.


And at Tank/Chi, our hopes are still very much alive.

We know there's a big anomaly there. But technical drilling difficulties and, I guess, the vagaries of deposition, haven't allowed the Company to pin it down ..:yet!

Due to the lack of downhole EM and no obvious geological intervals that may explain the EM anomaly the Company believes the drilling at Tank is inconclusive and that it is possible YERC007 may have not intersected the target.

The shorter YERC002 hole did make it to its target depth however because there was no downhole EM it cannot be confirmed whether it intersected the EM conductor or whether it was off hole and/or there are further nearby off hole targets.

The Company believes the anomalous results (see Table 2) encountered in YERC002 (Tank target) and YERC001 (drilled at the nearby Chi target) is an indication that the potential remains for significant base metal within the Tank and Chi target areas.


I'm actually thinking Yarrambee might shape up okay.