Ann: MAJOR COPPER GOLD DISCOVERY 41m @ 4.1% Cu Inc 9m @ 10.3% Cu, page-436

Aaaremms - I wouldn't worry about the ERM hit in Tennant Creek V's the Curry. Tennant Creek has relatively small IOCG deposits but they are known to be very rich. Research the history of Peko Wallsend or the Peko deposit in Tennant Creek. It was a little boomer. Very rich but relatively small. In the curry the IOCG's are generally bigger and EHM is the biggest one known in the area.

All you can say right now is that in all likelihood we have hooked an IOCG in the gills. As a comparison have a look at Ernest Henry and Mt Margaret. Let's hope the discovery is Ernie scale. Mt Margaret didn't pull copper hits like Carnaby have just delivered at the Duchess. (EXCO Resources some ten years ago)

To draw an analogy to deep sea fishing we won't know what is on the hook here until a few more holes are drilled. Just like fishing it's a mystery that takes a while to unfold. High Grade hits like Carnaby has just delivered are almost as rare as rocking horse S%$t. They are very uncommon. Being this early in the drill programme is a great sign for the future. In six months a lot more will have unfolded and I am confident this first hit is better than any hole EXCO drilled. We are closer to an Ernie than a Mt Margaret on one hole. The future's so bright I've gotta wear shades.