Ann: Fourth Quarter Activities & Cashflow Report, page-3

Mention of the agreement on Crown Prince hits first and foremost. They understand what we want to know, and it's addressed at step one. Still very iffy, but, I hope there's a real chance of it happening and soon!

There has to be a capital raising. You can bet your bottom dollar OAU would like to do that on the back of an agreement with our 'interested party'. The implication is it's now more a matter of scheduling than negotiation. Like the long delayed Native Title agreement, a careful prediction of agreement was made to keep the faith alive.Really hope this entity is genuine and ready to move soon. Too long and OAU will have to bite the bullet and move on the CR regardless.

Revisiting the Crown Prince eastern extension is interesting. This was our target when Doray owned that area. The thinking is the Crown Prince ore bodies might repeat. Finding anything here would sweeten the offer for our potential partner, particularly if it led on to Eclipse. The other two targets are areas that went off the radar. Not madly exciting - but have some potential. Exploring again near our proposed pit at New Murchison King is welcome. Such a historically rich area.

It is all nerve-wracking, but somehow OAU manages to live on - quarter by quarter.