Ann: Kharmagtai - Zaraa Drilling Update, page-8

Hi guys, thanks for your commentary on this which is all very positive.

I bought back in on opening on the day of this announcement as I read it as very positive, if slightly reservedly so. Specifically the following:
- "KHDDH467 is currently at 1,120 metres and in high density porphyry veining and strong chalcopyrite mineralisation"
- "suggests that Zaraa represents a significant copper-gold porphyry system with the potential to deliver a step-change for the project"
- "Copper and gold grades appear to have increased towards the southwest"

The above clearly indicates the potential to remove the biggest limitation of the project which has been highlighted by a few here - whilst intersection lengths have been impressive, they need some higher grades.

The director purchases suggest they see real potential in these cores and for the system in general.

GLTA