Ann: Mining Commences at Phillips Find, page-3

A similar agreement to that which BML have undertaken with AWJ. That is panning out very well for both parties.

This One must be near enough Bankable for BML to get involved on this profit share basis. They do their DD, and have inside knowledge on most, if not all these satellite deposits in the WA Gold Belt.

You'd think ASIC's will be somewhere between of $2,200 - 2,500 AUD., So Selling into a Gold price at around $3,700 equates to One handsome margin. Say 40koz over Eighteen months. HRZ's Share should come in at around $25-30Mill. That'll keep the doors open without any further dilution One would think.