Ann: Melbourne Investor Seminar, page-84

There was a small turn out of 10 to 15 people. There was a lot of talk about how they wanted to add value to shareholders via the drill bit and marketing the company to a wider audience. It was a very good discussion session and with questions. There is probably a lot that I have missed but here are some takeaways:

Big Springs
- Focusing capital on WA, not looking to drill at the moment.
- $500,000 per year to keep around.
- Offers last year were low ball and/or offered scrip so they were rejected.
- Mining permit for the deposit means that it is practically shovel ready.
- Waiting on permits for targets out of mining permitted area. Since it is with the Forestry department it is a slow process.
- They have mining plans for the current resource and the targets are compelling.
- Looking for cash, or a JV with cash payment.
- Confident area is prospective and resource can be expanded.

Golden Range
- Amanda has worked on many >5Moz gold camps and says that she feels that there is a lot of gold to be found at Golden Range.
- Diamond drilling started 9 days ago. Been delays due to weather.
- Diamond drilling targeting tails, some of which are from Feb program too.
- Very thorough planning regarding the placement of drill holes. Worked closely with the geological modelling consultant to position holes.
- Have been trying hard to reduce costs by turning off generators and night, and staff drive to Golden Grove for food.
- Will be putting the current cash balance into the ground to flesh our Ricciardo in the coming months, and want to boost the share price for more drilling programs.
- Talked about Mt Mulgine and reasoning behind getting rid of it. One of which is that the area is inhabited by a threatened species.

GLTAH, DYOR and Happy Trails.