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Ann: Wowo Gap Exploration Update , page-24

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    Results
    Whilst assay results will not be available for at least 6 to 8 weeks, there are very
    encouraging signs emerging.
    Drilling on lines 8946000N and 8946200N have yielded consistent laterite
    intercepts of between 10 to 15 metre thicknesses. These intercepts are being
    made in an area where the expectations for laterite thicknesses were between 0
    to 5 metres. With current drilled laterite thickness more than double the
    anticipated thickness, laterite thicknesses being encountered in the 2010 drilling
    program bode very well for the next of resource estimate update of the limonite
    material.
    Regular updates will be provided as the program develops.
    Warwick Davies
 
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