Ann: Progress Report, page-21

I think most people would give some recognition to the lefty state of NZ affecting progress of Talisman. The disappointment at Talisman doesn't change the prospectivity of the Vanuatu tenements. There is unquestionably heaps of gold there.

Judging by the CBY prospectus, they were/have been focussed on their other projects since its issue. SRK did the report regarding the Vanuatu tenements (pages 143 to 157 of the link below).

http://research.iress.com.au/IDS/old/20190306/02083669.pdf?uid=9BA35063EF0DFC26B4D9D3F87EBA59EC072600005F37BAA75292E540093D250091850000&ppv=

The CBY website ( https://www.canterburyresources.com.au/projects/vanuatu-exploration/ ) says "Canterbury considers the geology, structural setting and styles of mineralisation on Espiritu Santo and Malekula analogous to the gold and base metal deposits and prospects of the Hauraki province in the Coromandel Peninsular of New Zealand. The Hauraki Province has been a gold-silver-base metal producer since the mid-1800s and has produced more than 10Moz goldhttps://www.canterburyresources.com.au/projects/vanuatu-exploration/. Modern exploration since the early 1980s has led to a comprehensive understanding of deposit characteristics and controls on mineralisation. Canterbury proposes to apply this knowledge in its exploration strategies in Vanuatu."

The CBY site also talks about previous drilling results there. Looks good. Will be interesting to see if NTL/CGL can apply its knowledge of Hauraki mineralisation (it's been there freaking long enough) to progress the Vanuatu project.

Speccy gold miners are always something of a punt - always be cautious but if you've spent much time on the ASX you'll know that a pivot can change the story and perception of the market - but sometimes not, of course.