Maitland drilling 50% complete. Will provide assay results in...

Maitland drilling 50% complete. Will provide assay results in blocks not all at the end. All results should be out to the market by February. When questioned about results to date there was a mention of "positve body language" and "not unhappy with the progress" or words to that effect. Very positive that they will mine the resource in 2009. Also bullish on Citadel now they have the resource database, just need to clear up some native title negotiations to reduce survey costs. Still waiting to secure a rig to drill Rum Jungle. Cash available = $9M, Maitland costs $2M, Citadel budget $1M - so will not have to come to the market for at least a year for exploration funding.

My interpretation of the AGM only and does not represent anything but opinion.