Ann: Quarterly Activities Report and Appendix 5B, page-8

I agree - Steve Nano has done some good work elsewhere (BSX) and that Quarterly Activity report has far more detail than I expected, with the addition of Malmsbury plus all their other development and exploration potential at White Dam and Mt Coolon and elsewhere they now have some great ground and some decent potential projects, although they will have to JV stuff as their geography is beyond their balance sheet at the moment.

Good ground and a decent geo - lets hope for more activity from GBZ this year as the last few years have been a bit of a drag.