Ann: Quarterly Activities Report & Appendix 5B, page-3

LB,now the Canada deal is done how this 2 million is managed may be quite critical for the future. From asx announcement June 18-
("The placement puts the company in a strong financial position to undertake exploration work programs at the Manitou gold project in Canada and to explore the company's existing assets"). From the quarterly.............. Assess other project opportunities???? and ( " The company believes that this large well positioned land package greatly increases its chance of an economic mineral discovery through the application of systematic and Modern exploration techniques") ,just a bare mention of Trenggalek , seems light on detail .Will a plan of action be forthcoming soon?????? .Bulk of buyers currently(at posting) around 11 cents and under.