Ann: Exploration Results - Augustus Polymetallic Project, page-15

With the upcoming drilling to take place we’ll need more than a couple of hundred k. GP hydro was established by our former director however if you recall the partnership required continual further investment from us.

Feel free to contact Frank for further clarification however my understanding is focus is solely on our US assets, while Elko stands by.

I agree with you that selling Elko to save a CR would be an idea, however, if the red tape is peeled off with a change in government and Elko can be utilised AVM would become one of the biggest success stories ever seen on the ASX.

303 million tonnes with coking coal fluctuating between $120-$400/t over the last few years. To see someone else turn that resource into production & know we would have easily been 100+ bags from here? No thanks.

I’m confident in the direction of the company and the communication I’ve heard thus far has been the best in years. Let’s give our new management a chance before we judge them.