Ann: Strong Start to Drilling at Simandou North, page-4

They have a lot of drilling to do across a lot of strike. 1% down, 99% to go. The party should start with a few decent drill holes in this program. Just don't know which hole it will be. I am looking for the obvious 10-20-30m hit @ 60% from near or at the surface. That should set the tone. This can happen at any time. Management will tell us if that happens imo. It can happen any day with 3 rigs turning shortly. Management is saying there is smoke here already. The news flow should pick up. SPP stock to wash through next. dyor

The Company has identified a combined strike of approximately 40 kilometres of
prospective geology which will support further drilling for years to come

Managing Director David Flanagan commented, “It is extremely promising to be able to visually identify so
much hematite mineralisation in our first four holes. Given there is 40 kilometres strike of targets yet to
drill we are confident we will have many quality prospects. Of particular interest are the intercepts in
DALDDH006 features what appears to be hydrothermal iron mineralisation. This is regionally important
in producing high-grade iron ore deposits to our south at the giant Simandou Iron Project1
.
Receiving such excellent geological indications in such a short time provides valuable information
to assist in developing our exploration model and follow-up drill holes. We eagerly await the first assay results
which are due early in the June quarter.”