Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

Let me help.

is basically all this:



Almost the entire blue area sits in the Ord River Regeneration Reserve (IUCN Category 4 Reserve) with purpose being "Regeneration Of Eroded Areas In Ord River Dam Catchment Area". Furthermore, all the blue area is a proposed Conservation Park. What all this means in practice, is that the tenements are likely never going to be approved - there are many many examples of similar across the state.

I don't know why you'd spend another dollar on this or try and sign up another partner who should pick the above up as the first point of due diligence and then likely withdraw interest. The Company should know all this.

The very likely plan here is to just let the tenements go and focus on the company's other holdings. Rip the bandaid off, withdraw the applications and move on. There are a couple of other groups holding similar lands here with what will be similar outcomes.

Happy to split any payment 50-50 with the geo for any work so far done.