Ann: KRM identifies Strongly Conductive Zones at the Rana Project, page-43

Fabian Baker, Kingsrose Managing Director, adds “Following the MT and EM results reported today, we
are eagerly awaiting the final results and interpretations from MT data at the Rånbogen prospect, as well
as the MobileMT data which covers the entire Råna intrusion. Our systematic approach to exploration is
designed to methodically explore the large and prospective landholding which Kingsrose has
consolidated at Råna.”

Considering the previous Skytem surveys for conductors at Ranbogan only went to 100m deep. From the recent geophysics we've just seen at Bruuvan (and has only scratched the surface. Ranbogan modelling may produce something completely virgin and very exciting in an of itself.