Ann: High-Impact Drilling at Mt Alexander, page-2

Drill core for Stricklands metallurgical holes has been cut and massive sulphide intervals

have been tested with portable XRF analyser, recording the following average XRF values

(* XRF results are preliminary in nature and laboratory assays are required to confirm the metal content of the

drill core; matrix and disseminated sulphides were not included in the XRF analysis):

 STD015:

o 3.84% Ni and 0.61% Cu from 67.3m to 69m, and

o 3.00% Ni and 1.6% Cu from 70.4m to 73.1m

 STD014:

o 6.86% Ni and 0.61% Cu from 40.2m to 41.7m, and

o 4.92% Ni and 5.4% Cu from 48.2m to 48.9m

 STD013:

o 2.6% Ni and 0.9% Cu from 47.2m to 50.6m

• Samples have been sent for laboratory assaying which will provide a definitive account of

the metal values in the sulphide intersections of the Stricklands drill holes

• Approximately 300kg of drill core samples are in transit to Canada for completion of

metallurgical test work and flowsheet design