Details below can found on their website - taken from a broke...

Details below can found on their website - taken from a broke report on their website:

'Whilst early days we believe ADS can be treated as an advanced resource play.

It would appear previous attempts to develop a mine focussed purely on copper. Substantial gold/silver grade could and 1g/t equivalent and this along with zinc credits could dramatically alter economics of development.

Whilst not without risk (we believe the Vertex transaction will proceed) we rate ADS a speculative buy for exploration with a focus on copper, gold and silver.'

'We have run a preliminary model on Jabal Sayid and estimate the project can generate a significant NPV (NPV - Project (US$m) 524.5) to ADS more than double the current share price based on more normalised metal prices and the current gold and silver contango.

Delineation of by-products is a key item in this valuation and therefore advancing this project from deposit to mine.

In addition any shallow mineralisation will go a long way in reducing the pre strip and all three Zones remain open at depth with grades in the #4 Zone increasing at deptdrilling will play and important role in assessing ADS’ worth.'

Jabal Sayid grade and tonnage potential appears not too dissimilar to that of Oxiana’s Prominent HillADV Group 100%

I think yesterdays results in Zone 4 have demonstrated ADS worth, 254 Metres at 2.65% Cu from First Drillhole into Zone 4

History on ADS

Note the aquisition is completed, 100%

Prior to the Vertex deal ADS was primarily involved with healthcare opportunities.

After divestment of a QLD business the group retains ownership of a Sydney CBD medical scanning business. Initial entry into Saudi occurred when ADS agreed to provide an A$1.5m loan to Vertex for ongoing exploration including 10,000m of drilling, reassaying of existing core, and detailed geophysical surveys over Jabal Sayid.

This option allowed for a 25% interest in Vertex which holds interests in a portfolio of copper, gold and other base and precious metal projects on the Arabian Shield in Saudi Arabia.

Notably the Jabal Sayid Copper Project, the Lahuf and Shayban gold projects, the Baydan zinc/gold project and the Wadi Kamal nickel/PGE project.

Vertex holds its portfolio of projects via a 70% interest in a Saudi Arabian operating subsidiary Bariq Mining Ltd (“Bariq”). Bariq has two stakeholders Vertex (70% and management rights) and CMIC (30% Saudi - Al Qatani group).

In addition ADS was granted the first, and last, right of refusal to engage in negotiations to acquire a greater interest in Vertex. The parties had agreed to a period of exclusive dealing up until 30 March 2007.

This led to ADS to enter into an agreement to acquire 100% of Vertex. The consideration for the acquisition will be the issue of 342m ADS shares and 40m options exercisable at 20c, plus $200,000 in cash. All shares and options issued to Vertex will be escrowed for a period of two years.

It remains the intention of Bariq to be a producer of base metals and gold from 3-4 mining centres and is confident its existing projects will support this aim.

-------------------------------------------------------------

Note - Recently A$4.7 mio capital was raised to accelerate exploration, 23.5 mio shares at 20c.

> These funds will be used for a BFS in Jabal Sayid
> Acceleration on other projects
> Evaluate new gold, base metal, & uranium opportunities

*The company is also finalising a JORC compliant resource estimate for the Jabal Sayid Project

Saudi Arabia is emerging as one of the worlds major new minerals area, with Alcan investing US$7 billion in a mine to metal.