Moving along Hopefully the permits are issued soon. Have I...

Moving along
Hopefully the permits are issued soon. Have I missed any news on the deep drilling.

The co-funding forms part of Round 23 of the EIS and $150k has been awarded to the
Company which represents 50% of the direct drilling costs. An additional third deep hole
has also been planned which is outside of the EIS programme.
The objective of the Parks Reef Deeps drilling programme is threefold.
• To test for continuity of grade and thickness of the reef at approximately 520m below
surface for an enhanced interpretation of the intrusive complex. If the reef is intersected at
these depths, then it is considered that precious and base metal grades, mineralogy, and
metal ratios of the reef will provide valuable vectors toward zones hosting higher grade
and/or thickness of PGM mineralisation.
• To drill for previously untested, high grade, reef style PGM+/- Cr (Ti) mineralisation in
the hanging wall mafic stratigraphy, which occurs in the Stillwater (J-M reef) and Bushveld
(Merensky and UG2 reefs complexes in Montana and South Africa respectively. The
proposed holes will test approximately 450m of this potentially fertile mafic stratigraphy.
• To enhance the understanding the magmatic stratigraphy of the lower section of the
mafic zone.
Due to conditions attached to the funding programme, it is anticipated that drilling will
commence in July and is expected to take approximately 1 month to complete.
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