i just got off the phone from scott

Doing my best here - I didn't record the conversation - I will need to paraphrase:

Scott emphasised to me that it should be noted the assays of this morning were absolutely considered step-out holes...i.e. drill activity that they wanted to do on the PERIPHERY of the primary in-fill drill activity to which the phase 5 program was heavily weighted.


And, he also pointed out that S36-037, S36-039, S36-040 did in fact hit significant copper grading above the nominal 0.2% cut-off which was the cut-off previously used to infer 345Mt inferred copper on the previous JORC. He explained that although todays assays might not have the headline-grabbing grade numbers associated with the known Supergene zone, they do in fact add positive weight to the overall picture of what is happening further out, and what else may be found out there with further drills. But he stated that the emphasis and priority of the Phase 5 program absolutely was to focus most of the energy on in-fill drilling in order to ensure that the data required for the JORC was fully extracted, and that the picture about the Supergene zone was fully painted, but as part of the overall activity they also wanted to have a few scouts and step-outs drilled "while they were at it".

He also remarked that in a market environment other than what we are presently dealing with (i.e. overall market sentiment/concerns over Greece/Europe), todays assays may well have had a more positive reaction, making the related point that the release/timing of announcements from BTR happen totally independently from external market factors and that therefore, reaction to Anns, positive or otherwise, is a somewhat a byproduct of the environment on the day.

He concluded by re-affirming how positive he feels about what they've accomplished in totallity with the Phase 5 drilling program, and that he is extremely optimistic about the data they have gathered towards upgrading the resource.

He re-affirmed...June is the target for the JORC...