Ann: Sybella REO Discovery Presentation, page-2

Key slide on forward work, a lot underway in the metallurgy. I read through the MEI slides this morning and it actually reads like RDM is almost catching MEI on the met front which is incredible really, moving very quick.

Round 2 drilling looks in final stages of planning. 108 holes for 6480 m = 60m depth per hole. Not bothering to drill for the deeper stuff at the moment, which is cost effective. Some explorers would throw down 200m holes and aim for billions of tonnes of resources (e.g. ARR) but RDM management look to be conserving funds and targetting what actually would be mined in this century.

Based on 800 m x 400 m centres and 12 km x 3 km it looks like they are going to drill the entire granite out, then come back and infill drill the good stuff in the one program. Should be able to get decent tonnes to indicated with this strategy, perfect to feed into a scoping study.. It would be good to know what timing they are working to for drilling.