HINT....go to the last line.....Hmmmmmmmmmmmmmmm......Queensland...

HINT....go to the last line.....

Hmmmmmmmmmmmmmmm......

Queensland Gold Assets: Value to be realised in FY2007

SMC commenced trading as a gold
producer near Charters Towers.
Hadleigh Castle Mine/Rishton Mill were
placed on care and maintenance in 2004,
pending further exploration.

Value to be unlocked
highly prospective exploration ground
(268km2)
Successful producers within the region
demonstrate potential
Exploration programme planned from late
2006
Option to purchase the Rishton Mill for a
payment of A$2.75m plus upgrades
Creates leverage for a trade sale of the
portfolio
Alternatively might be used for Punitaqui gold
ore treatment
IPO or Trade Sale?
formal review underway
package of exploration assets, and mill
purchase option
board decision by January 2007
Possible in-specie distribution for shareholders