Ann: September Quarterly Report, page-5

Estimated quarters of funding available (2.01 quarters) is reported in line with ASX listing rules, which is calculated by dividing funds available at the end of the quarter by outgoings for the quarter. As the September quarter included funding for the bulk of the drilling program, outgoings for the December quarter will fall, so the reported 2.01 quarters of funding available is likely to be an underestimate of the true position. Therefore, everything going to plan and cash in the short term is not a problem, certainly not before the maiden JORC resource results are reported. Exciting times ahead!