Ann: VHMS Target Identified At Depth At Red Bore-THX.AX, page-60

OK thanks, here is an extract from the Qtrly.

SUBSEQUENT EVENTS

Since the end of the March Quarter, the most significant event has been completing evaluation and analysis of all the new data from the latest drilling at Red Bore. The new data obtained has revised and improved our geological model, in a manner that is consistent with a new deep anomaly identified from the reprocessing of data from a 2010/11 gravity survey (details were provided in the ASX announcement dated 26 April 2016). We believe this to be probably the most exciting target identified at Red Bore to date. Other events include:

•  A geophysical survey team has carried out Induced Polarisation (“IP”) and surveys over parts of the Garden Gully Project area to assist in identifying the best targets for the drilling programme currently awaiting Heritage Clearance.
  
  
•  Thundelarra has also flown detailed aeromagnetics over the Garden Gully Project area to gain additional information to aid in the identification of drill targets.
  
  
•  The geophysical data from both surveys is currently being processed and initial drafts are suggesting some interesting targets to be followed up.