Ann: Lepidico Update, page-79

LPD have completed exploration activities to a point where we have 19 years of resource for our phase-1 project. It seems we are heading down the path where we will sell concentrate to a third party converter, putting the company in a cash flow positive position until we can secure finance for Abu Dhabi, so be it, thankfully osterity measures have been implemented with 7.3 quarters of funding in place (as per the last quarterly).

IMO, There will be no more exploration until we have secured funding for one of the two proposed project directions.