Ann: EXPLORATION UPDATE - DORCHAP LITHIUM PROJECT, page-4

Have to agree that the proposed September drilling needs to be queried. Always thought this was ambitious in that country at that time of year and have said so. They would have been better saying the permitting should have been on track. Or did the spodumene at Gosport hold more attraction than the Petalite at Boones? They have a lot of dykes to map and sometimes the eyes are bigger than the stomach. That being said, I feel progress is being made and our value is still in the ground for long term investors like myself. If people feel the risk is reduced by the total program then these prices are an opportunity to sit back and let a few drop into the bag as some are doing in the buy queue. Can't see a lot of value anywhere else in the market. Tough times. Even a noticeable slide in the $A. Sometimes we just have to sit it out.