Potential is a given as is the current macro economic pressures...

Potential is a given as is the current macro economic pressures coming to bear; The elapse of 7 weeks without update is not. The directors set the expectation for frequent information --> when it doesn't flow people assume the worse and bail. Director Arrogance,Ignorance or Incompentance? TAKE YOUR PICK!

RAILWAY

Receipt of assays for the infill drill holes, together with data from the new diamond drilling

program, will enable the Company to upgrade the resource status to indicated or even measured

within the coming months.



ECONOMIC EVALUATION STUDIES

With the completion of the JORC compliant inferred resource figure, work by consultants

Prodetheus Ltd on the economic evaluation study is being finalised. This study is expected to be

available soon.