Ann: Investor Presentation, page-3

G’day Rob,

they might have said Lithium in front of gold, but they’re drilling gold in qld now and looks like Li drilling won’t start until q2. Add lab delays and we won’t see any Li results for a while.

that said, apart from their various gold assets, I’m liking 42% tin & 3.4% tantalum.

I usually don’t like juniors with more than one major project. It’s very hard to get one up, with modest junior budgets. Getting several up, is close to impossible for a junior. Hopefully like other smart operators out there, they will decide in coming months after Li drill results on where they can best focus their efforts and farm out the rest.

they should focus where they have expertise, or if it’s to be the Li, then hire that expertise.

I topped up with more today at 3.5 and I’m quite happy with my decent holding now.

this will take quite a few months to play out. Patience as usual required with explorers.

cheers,

ned.