announcement, page-9

Hi Hellyeah - MEU is the operator for the Melton Project and only needs to pay $400,000 over 2 years for 50% of all commodities in the Melton tenement with MOX paying the rest. This is vital when comparing MEU to MOX regarding Melton plus, MEU has all of MOX's U projects stand alone. MOX will be paying sums for exploration way above MEU's outlay - MEU was very fortunate - herein lies the major difference, asthe tenements were principally, when provided to MEU, for exploration only. There is a very big difference between MEU & MOX. MEU has oodles of cash but MOX has recently had to endeavour to finalise a SPP to intitialise Kangaroo island , manganese etc. IMO, they very separate entities - being an "Operator" is very sig for Melton, however, primarily, MEU is a U company symbolised my IMO, the quite incredible JV with Teck Australia. IMO

NB. I have bought today to add to current holdings.