Ann: Havilah-BHP Kalkaroo Alliance To End, page-24

Watch the video of the meeting. All these questions were asked, as well as a possible joint venture to expand the resource base. This video will provide a lot of insight as to where the company is at.

My take is that the company has 3 interested parties, and it will definitely be sold. This was stated many times during the conversations. One shareholder asked about a JV to expand the Kalkaroo deposit, as CG stated that it may double in size to 500MT. Both along strike and at depth. Cost to drill out is $20m. They hoped BHP would do this but they didn’t.

Much money was spent by BHP on peripheral spend, which didn’t really relate to the project, but rather applied to the broader BHP mining operations. Ie Electric trucks. They also parallel drilled many HAV holes. It would appear to be a waste of time and money.

The biggest value the company got from the relationship with BHP was in relation to the metallurgy analysis, which substantially increased the grades.

In any case , I feel that the new year will be exciting for the company. Company is very cheap at the moment.

Cards are being held close to the chest for now.

GLTA

DYOR