Ann: Quarterly Activity and Cashflow Report - Jun, page-2

re: Ann: Quarterly Activity and Cashflow Repo... Quarterly out - nothing really new to report. Nothing finalised on the WHP, they expect to sign a JV this quarter, which is the same thing they said last quarter. However, they have permit approval to start drilling as soon as they find a JV partner.

No progress on the Yalgoo Iron project negotiations.

Also, only $142k cash left, which is just enough to get them through another quarter at the current cash burn rate without raising more funds.