Ann: Experienced geologist appointed to run regional exploration, page-16

The long awaited clean out of NML is well and truly in action. For many years this has been the laggard of VIC gold, mainly due to some crazy descions such as selling out to Stavely for a milk shake and bucket of chips and 51% of the magnificent Tandarra fault. Quite bazaar transactions. Fortunately we owned some other hot properties. The downside was the very slow exploration plan. Most times the drill was in action we had some terrific hits, but the board elected to not rapidly exploit. I feel the new team is being assembled to finally do this. After being in this stock for many years the next year ( 7 years late) will finally define this investment horizon.
Very happy with the new appointments over the past 6 months.