Ann: Mines & Money Hong Kong Presentation , page-2

New targets; Canopus and Taipan mentioned for the first time in this presentation? Here is the information provided.

Canopus:
Very strong discrete magnetic anomaly
– approx. 300 metres wide
- Close to known mafic intrusions
- Coincident airborne EM (Geotem)
anomaly – recorded in an old survey
flown by INCO
- A single shallow hole drilled to a depth
of 41 metres searching for kimberlite
intersected mafic intrusive rocks but did
not identify the source of the coincident
magnetic/airborne EM anomaly
- Ground EM planned
- 100% SIR


Taipan:
A new nickel target from old data
- On same nickel sulphide endowed
trend as SIR’s Halls Knoll prospect
(drill hits of up to 9m @ 1.02% Ni,
0.22% Cu, and outcropping gossan up
to 12.5g/t PGM’s)
- Old Anaconda hole drilled in 1970’s
intersected 23.05m @ 0.56% Ni,
0.07% Cu, including 2.12m @ 1.27%
Ni, 0.13% Cu
-Never followed up
- 100% SIR (Polar Bear project) 100km
from Nova