Ann: Quarterly Activities Report and Appendix 5B , page-13

re: Ann: Quarterly Activities Report and Appe... Just had a view of the Karinga lake system on Google. One of the issues with Lake MacKay/LD was access as they were in remote locations - this added to development cost/transport and added some uncertainty to the economic viability of the resource.

The eastern edge of Karinga is about 20km from the Ghan railway line and is connected to Alice Springs by the Stuart Highway. Thus product could be railed to Adelaide for easier access to local agricultural markets and to Darwin for export markets.

The development of this resource [if validated] would be much easier. In fact I would rate Karinga as the best project once the extraction has been demonstrated.