Ann: Major Drill Program for IOCG/SEDEX targets at Frewena, page-50

Kalenn,

Im not disputing the the value of doing methodical work to prove up a concept. Even with a bullseye type mag/gravity target it’s still historically 50/50 COS with IOCG targets as many are blind buried deeply. The response tells that there is a likely breccia system in place not that it’s mineralised as the ironstone masks the EM response that sulphides would give off.

The work done by Inca is impressive, to have so many potential Tier one targets generated so quickly is almost unheard of for such a small company. Moving forward the company will have quite a few decisions to make if more then one target pays off. That’s not including Peru as this is also a game changer.