Ann: Terms agreed for Bendigo North farm-out to C, page-19

re: Ann: Terms agreed for Bendigo North farm-... They said they would do some higher density soils in the Eclipse copper area to chase some good geophysics near the drill results, and then do some more drilling before winter hits. So I guess they are preparing the new drilling.

I do know that their exploration manager and some field guys have been out on the farmers paddocks at Eclipse in the last week. Also rumours that Stavely Minerals have got there IPO money sorted and are drilling for copper and base metals at Mt Ararat presently, so that venture seems to be starting out well on back of the IPO.

The government guys are renting out houses in the areas they are going to drill in western Vic and must be pretty close to drilling also. I think the media on that was an April or May drill start. That should be very interesting for Navarre I reckon