Ann: Recommencement of Mining at Sherwood, page-11

In announcing their resumption of mining I was pleased to see they have outlined their plans for the Agate Creek asset.

1. to process locally - they have two options and are working on the best deal for LNY. Probably Georgetown or BlackJack. I notice Citigold at Charter Towers are looking at putting in a plant in the future. (old underground mine and they need funding first).

2. An onsite processing plant is the main focus going forward

3. Coupled with further exploration and development of the Agate Creek assets.

IMO with Brad G on the job I estimate within 3 years we could have a shareholding, not in a junior gold mining company, but in a major gold mining company. Happy to put my money into this one.