AAJ now have $3,400,000 in the bank and will receive a further...

AAJ now have $3,400,000 in the bank and will receive a further $800,000 from the Federal R&D program toward the end of this year. According to Glen these funds will last for the next 2 years.

The company is focused on 3 projects.
MOUNT DEANS
Waiting on Conservation Dept to do the red tape before next round of drilling. This is expected to take another 2-3 weeks. Plan is to drill 5 or 6 holes with RC for 10,000 meters. Drilling will get underway August / September.
Metallurgical work already done at Mt Deans has proven up resource grade Tantalum and satisfactory grade Lithium in host rock pegmatites.
SALMON GUMS
For next round of drilling company wants to target the high grade Au thistle zone. No definite timing for this
drill program available yet.
SALTWATER
The geologists got back from Saltwater 2 - 3 weeks ago with rock chip samples from out cropping at surface.
Glen is chief geo and a younger bloke Tim is well qualified to assist. They will be returning to Saltwater on the 17th of July to do more field work. They will be using a helicopter to get across this tenement. Only a small fraction of this area has been investigated and Glen believes it has enormous potential.
There will be news next week on the latest assay results from these rock chip samples and in Glens words they will be “ interesting” So let’s watch out for that! Nothing bonanza apparently but interesting.

In regard to share price fluctuations and falls. I would NOT be fussed about that. Charts have to be built and share prices do what they do best. That is build momentum to the point where explosive moves can be achieved. Hopefully to the upside!