Ann: Response to ASX Price Query, page-27

TB is not the only former banker running an exploration company like KRR. Also, TB had explored 3 to 4 different types of commodities to see how far he could take them but eventually gave up due to the complexity and challenging environment of other competitors, supply, constraints and pricing. TB didn’t have a tight rein on money when it came to the hopeful HPA hype and it’s expenditure and became apparent that the complexity of the HPA market was bigger than a mine field than first though. He eventually put a stop to this, but took too long to realise but now has. These were the tough decisions he made but were also costly decisions that have costed KRR becoming a progress exploration company.

Now, TB has got things back on track and completely right. Putting a very sharp focus on the gold market through careful planning from geophysical work and studies at Tennant Creek, to eventually drilling those priority gold targets. All shareholders need now is for the drill rig to start spinning hitting the ground and for a major gold discovery to be made to make the SP run ballistic.