Fundamentally a great investment @ this price, page-14

G'day boondie, Yes agree the Ex BOD certainly left a bad taste in ones mouth,
Significant change's had to be made & they have been a new independent
chairman & M.D. were appointed.
We have to be mind-full that our new M.D.-only took up the position on the 3d October
just prior to the wet season commencing.
He has stated he is conducting a strategic review & the prospectively analysis has been updated
after ABU identified some 400,000 historical missing assay results -some 250,000 results
having been imputed into the data-base .
This analysis allows the management of the tenement portfolio and prioritisation of fieldwork
& is a major step in prioritising future exploration targets that meet the Company’s strategic
objectives- Starting with Suplejack, Bluebush and Tanami areas enabling work programs to
be generated & the progressing of high rank targets to the next stage.
Retargeting following mapping and reinterpretation of the Suplejack Project has identified
additional structures which are analogous to the Hyperion-Tethys and Suplejack structures-drilling to commence ASAP after the Wet.

Matt Briggs our recently appointed M.D. -has said a 3 year plan will be presented to
the ABU-Board this Quarter & that a resource update for Suplejack will also
be updated this quarter.

ABU has over 7 million in funds a seemingly very proactive M.D. & ABU seems to be
itchin to hit the ground running this season, the POG is heading in the right direction.

IGO our J.V. Lake Makay- partner's own exploration program is looking very promising
indeed, lets see what really is beneath Grapple this forth coming exploration season.

See below & imo- worth pointing out re-Grapple Prospect.

All holes at the Grapple prospect with the exception of 16GRRC005 had downhole
electromagnetic (DHEM) surveying completed & has identified a conductive plate
associated with the mineralisation intersected at the Grapple Prospect.
The DHEM interpretation suggests 16GRRC011 drilled above the main
conductor and that the centre of this conductive body is further to the
west & continues at depth.

So therefore hole 16GRRC011 is the most western hole drilled & has been identified
as still being east of this conductive body that continues westward & at depth.

This mineralisation has been confirmed as already having a strike length  of 300mts
that remains open at depth & in an easterly & westerly direction.

Potential iceberg beneath ? actual size is yet to be determined & is likely to be a lot
larger than what has been determined thus far.
See below image & hole 16GRRC011 & its position relative to above comments.


Drilling is also scheduled to commence on the Grapple Prospect in the first half of 2017.
DRILL DRILL DRILL !!!!!!!!!!!!!!

So boondie -Yes we are all a bit understandably towie & this is directly attributed to the
previous BOD.
Lets give the new Fella a fair go he seems to be doing a stella job thus far given his limited
time at the ABU helm.
imo-gltah
salt

p.s.-G'day philc56 -Yes agree ABU's cash position looks good.  
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