Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6

One is very much looking forward to the progressive newsflow to close out Q2. However, Q3 could just be the show stopper and/or Company maker!

- Drilling at the recently acquired (90%) Jackadgery Gold Project, testing previous high grade intervals up to 18g/t Au.

- Drilling to test geochemical/geophysical anomalies at Station Creek (Copper/Silver) ~ rock chip samples 54.8% Cu and 249g/t Ag.

- Finalisation of Mt Boggola drilling programme; and further field works at Ashburton basin Project and possibly the Paterson province Projects.

With the current MC sitting around 7.3m with 2.5/2.6m in cash on hand the Risk vs. Reward is heavily attractive at these levels..