Ann: Seven Camp Scale Gold Prospects at Central Yilgarn, page-58

The company is well funded, with circa $5-6m cash in back (incl receivables). It is important to note, the Company’s past spend does not reflect future spend. The company is embarking on a low cost exploration strategy for this year, this does not mean they are taking their foot off the gas by any means, but the reality of utilising a single RC rig for exploring shallow targets compared to last years program where we saw up to 4 rigs (2 RC 2 Diamond) drilling simultaneously for the REE Resource drill out, is a very different capital proposition.