From the last quarterly.1. Does the entity expect that it will...

From the last quarterly.

1. Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
Yes

2. Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
The company is in advanced discussions with parties regarding a placement of shares
sufficient to fund ongoing operations. The company believes they will be successful.

3. Does the entity expect to be able to continue its operations and to meet its business
objectives and, if so, on what basis?
Yes, the company expects to be able to continue to operate on a going concern basis.

Because

The deposits are both underlain by the Selwyn Block, considered to be the source of the gold and antimony in the
Melbourne Structural Zone (Geological Survey of Victoria).

Like Costerfield, the antimony in the quartz and quartz-carbonate veins at Nagambie occurs in the form of massive
stibnite, a sulphide of antimony (Sb2S3). The highest theoretical antimony grade of stibnite is 71.7% Sb.

As drilling has progressed at the Nagambie Mine, it has become clear that the antimony veins at Nagambie are
similar in many ways to those at Costerfield. The Nagambie veins, like Costerfield’s:
o are narrow, predominately 0.1m to 2.0m true width;
o strike predominately north-south;
o predominately dip sub-vertically to the west, predominately 50 degrees to 90 degrees; and
o have good continuity both vertically and horizontally.