Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

The report says:

"Lake Throssell Sulphate of Potash (SOP) Project, WA
• The groundwater bore installation program commenced, with three wide-diameter groundwater
monitoring bores established to facilitate geophysical logging and mini aquifer testing.
• Borehole magnetic resonance geophysical logging was completed on the monitoring bores to
measure in-situ porosity and specific yield across the resource profile and assist with test
production bore planning. Results are expected shortly.
• A continuous monitoring weather station was installed. This weather information will provide
detailed information for the design and operational management of the proposed evaporation
ponds.
Evaluation Studies
• A bulk evaporation trial was successfully completed, including Halite (NaCl), Schoenite
(K2Mg(SO4)
2
·6H2O)/Leonite (K2SO4·MgSO4·4H2O), Kainite (KMg(SO4)Cl·3H2O) and Carnallite
(KMgCl3·6H2O) type salt production stages and salts prepared for analysis.
• Investigation of alternative process routes for the controlled production of KTMS continued with
encouraging initial results."

And Keren then says:

"...December Quarter saw a significant body of work completed...the fruits of which should begin to flow through in the coming weeks and months..."

It doesnt read like the work being done could spike the price much if we get a positive ann, but fingers crossed.