Ann: IP Update, Drilling and Arcadia ELA Pegged, page-2

My Take from the Announcement

1) The IP area was extended which is why they have been delayed. " Ground readings for the extended ... IP"

2) IPs were finalised on 2nd March & they are awaiting 3D Maps - ready shortly.  (probably a week off, imo)

3) Diamond drilling shortly - will start probably before the end of month or thereabouts

4) Another New EL has been applied for - Acadia (493 sq km) to bring Total to 2,051 sq kms of ELs

5) New ELs have been acquired because they are "so encouraged by the preliminary IP modelling"

6) They now have all "10 significant identified structures" within  Waranga Province that they want.

7) No more New ELs are envisaged it would seem - they have what they wanted.

7) These structures are considered to " indicate crustal fractures have allowed hot gold-mineralised fluids"

8) These Gold mineralised fluids are sourced from the deep volcanic crust to reach higher levels under pressure

9) This fits the structural model which has been refined by Nagambie Resources in recent years