Ann: Quarterly Activities Report and Appendix 5B, page-2

Figure 2 Mt Isa East. We have a lot of land next to HMX and CNB. We have a discovery hole, they both have found a resource albeit not big enough yet but growing day by day. With all our targets we could very quickly become a major player in this mineralised area. Mt Isa has a lot more to give, the old timers took the cream. Geophysics and new technologies will see greater accuracy in surverys. This year is shaping up as a big year for CPM and the noise is Cu prices wont be cheap by years end. Coming together nicely, thanks Ian and Team.
Mule