Annual Report out late this afternoon.....surprise comments that...

Annual Report out late this afternoon.....surprise comments that we have not heard from the company before.

About 5 on front page of Report:-

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"Malagasy is confident that following our initial exploration success, that with follow up drilling and focused exploration of these project areas, that we will be successful in delineating a commercial resource."

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I think the comments made in the Annual Report are significant because we are still awaiting assay results from the first drill....and now here they are saying, confident of commercial resource.


$25m fully diluted copper/nickel exploration company.

They have a track record, with an income of $700,000 PA from freehold leased premises, assay lab and existing mining royalties. Malagasy has operated in Madagascar for 12 years.