Ann: Quarterly Activities Report March 2018, page-2

1. Mundarlo JV:
   •  The first-ever RC drill program was completed satisfying the earn-in requirements of the Joint Venture Agreement,securing Helix 60% project equity.
   •  Down Hole EM highlighted a well-defined conductor immediately beneath the maiden RC drilling.
   •  Follow-up extensional RC drilling has recently been completed. Massive and semi-massive sulphides were
     intersected at the modelled EM position, samples have been dispatched to the laboratory for assay.

hmmm!! Why dispatched samples if nothing in core hole.