Ann: Quarterly Activities Report and Appendix 5B, page-9

Good to see you here on the GBZ board Spec. Short term catalyst definitely revolves around luck with the bit, as it is for all gold explorers really. GBZ have already done alot of the hard yards around their main project, monetising assets etc, now it is just drilling.

Long term, and I know you like to think long term as well, GBZ have 800 koz at 1.6 g/t in their Twin Hills deposit alone, mostly open pit, on a granted mining lease with many goodies needed to process (power, water, tailings, camp, access) 70 km down the road at Yandan. The managing director, Peter Rohner, is a metallurgist by trade, not a geo, so I see him looking to what's next - mining + processing. So even if drilling comes up with nothing new, Twin Hills by itself at current gold prices has a lot of run way for value generation long term.

Many goldies in WA would do unspeakable things for 800 koz at 1.6 g/t open pit and non refractory to boot