Ann: Exploration Licences Acquired at Wonarah, page-16

what small cap stock doesn't use terminology like short term when describing newsflow.

I think the scoping study is bigger than management initially thought. Wonarah is a unique project ie the only project of its type in Australia and the process and products produced are not readily manufactured/understood in Australia currently, . Factor into this that the new battery market being considered in the scoping study and the detail of information would be vast.

The scoping study won't be primarily looking at generic DSO and Map/Dap processing routes.

The fact that wonarah is back on the cards is huge for the company and is worth well more than our current $15m market cap.

Also the company will be presenting to large phosphate customers in march and i would assume that at this juncture they would want a scoping study to generate further interest.