Ann: Investor Presentation, page-2

It'll be interesting to see the assays from the manganese drilling and how deep it goes. Planned drill depth was 50m, I think, and if it continues to that depth, we might be onto something. The manganese discovery features clearly in the presentation, so I would assume that they liked what they saw in the drill chips. Obviously you can't tell grade just by looking at it, but the black stuff is pretty conspicuous. I think if they were aware they had punched through a metre of the manganese-bearing unit into something else underneath, they would have toned it down a bit in the presentation. My opinion only.