Correct they indicate as much in section 8 If item 8.7 is less...

Correct they indicate as much in section 8

If item 8.7 is less than 2 quarters, please provide answers to the following questions:

8.8.1 Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
Answer: NO – the June quarter expenditure included drilling and associated exploration
costs associated with the drilling campaign undertaken at the Kookaburra Gully
project. There is no planned exploration expenditure during the September quarter
other than ongoing analysis of results and planning for the next drilling campaign
8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
Answer: YES – the company is planning a private placement of shares utilising available
equity under its LR7.1 and LR7.1A capacity
8.8.3 Does the entity expect to be able to continue its operations and to meet its business
objectives and, if so, on what basis?
Answer: YES – the company is undertaking ongoing analysis of results and planning for the
next drilling campaign which will be supported by existing capital and the private
placement