Ann: Mt Freda Complex Global JORC Resource Estimate, page-8

Well,

113,000 ounces $300,000,000 AUD gold sitting in surface. Unfortunately seems the QMN 2009 JORC resource on Mt Freda of 120,000 ounces could not be included under 2012 JORC code. So at least we know there is another 120,000 ounces at Mt Freda, looks like just going to have to drill the holes again. Still added is 233,000 ounces in real life. All sitting on surface, $4m cash, $300m gold begging to be mined, only $20m market cap, and process plant waiting for ore.

Moving Money from the impatient to the patient again!



BB