Ann: Quarterly Activities Report, page-2

An overall good report. Drilling to commence in the coming weeks. Been held up due to recent weather events. Work all ready happening to clear the tracks and pads for the immediate mobilization of the drill rig. Gold is holding at near record high prices.

Mention of a few other projects but best we focus everything we have on Yundamindra and Kookynie.

Our cash position worries me though.

"The annual salary of the Managing Director, Justin Barton, was reduced during the quarter for a period of 6 months or until the Company completes a capital raising."

I definitely believe any future funds raised through a CR should be spent entirely on exploration, not on the Managing Directors annual salary.

Time for us to sell off some of our stake in Admiral Bay to fund our gold projects?
From MCT website;
"MCT consider the Admrial Bay Zinc Project a potential Tier 1 Asset".