Ann: Quarterly Activities Report, page-3

Management team change is on the way.

quoted
"Events subsequent to the quarter
Australian Mines advises that Company intends on bolstering the management team
to accelerate the Sconi Project by commencing a search to appoint a new Chief
Executive Officer (CEO) experienced in mining project development, a new Chief
Financial Officer (CFO) and Chief Project Engineer. It is intended that the current CEO
and Managing Director will continue in this role until the appointment of the new CEO,
following which Mr Bell will assist with the transition and take up the roll of General
Manager – Exploration within the Company. Mr Bell intends to retire from the Board of
Australian Mines Limited26 as part of this transition. This change in leadership is part of
a broader expansion of Australian Mines’ owner’s team, and the Company’s planned
shift from explorer to producer."