Annual report 2011, The Chairman's address refers to prospects...

Annual report 2011, The Chairman's address refers to prospects of the Northern tenements and discovery by Regis Mining to the North.

The following extract is the last 2 paragraphs from A1 Minerals website.

"In mid 2010 the company sold some of its Narnoo uranium-base metals prospects to the south of the Brightstar leases to St George Mining Ltd, which listed late that year. A1 Minerals retains a royalty on those prospects.

The company also sold its far northern gold prospect to Regis Mining, which has a mining project in that area."

Who signed off on these sales to Regis?


The following is taken from Chairman's report in the annual report to the asx.

"Subsequent to the departure of John Williams, your Directors had doubts about the mining reserves at the Beta Pit. After further internal investigation, Directors were unable to verify or substantiate some of the previously announced reserves and resources at Brightstar (including
at the Beta mine).

Directors then resolved to request an audit on our previously announced resources and reserves at Delta and Epsilon by geological consultant Andrew Hawker (Hawker Geological Services). Mr Hawker had previously worked for A1 Minerals in the discovery-development period.
Mr Hawker’s report resulted in two things First negatively, a downgrading of our previously announced JORC Code compliant resources.

Secondly and positively, evidence of the potential for large targets in our northern tenements, a point made by other experienced geologists who agreed to undertake work for the company after the departure of John Williams."

Where the doubts subsequent to Mr Williams departure?
What led to them having doubts?

When did Mr Hawker initially tell any of the directors of A1 that he had doubts about the JORC compliance of the resource. Was it after Mr Williams left or before?

The fairies are soooh confused