next milestone, page-8

Cant remember if i have posted this before or not.

Everything is on track – drilling will start this month as planned.

News flow from this and other proposed work will be as outlined in the timetable in the announcement and presentation from the EGM. (See Page 15 of announcement in link)

http://www.asx.com.au/asxpdf/20090924/pdf/31kwwfqdtcz2w4.pdf

I believe there may have been some confusion about Geiger’s announcement which started a small down sell.

Geiger still have all their shares and it was only the issue of more shares as part of the settlement of the transactions following the EGM which took them below the threshold of a “significant holder”.

We are working on the updated Callabonna website which should also provide more information for shareholders going forward.

Regards

Stephen Mc
Stephen McCaughey

Managing Director

........................................................................

6 Powlett St, East Melbourne, VIC 3002

Email: [email protected]

Phone: +61 3 9417 2920

Fax: +61 3 9417 2728

Mobile: 0430 563 000

ASX Code: CUU