quarterly out, page-67

Max,

Whilst you mentioned to Buddy that CuDeco had eight targets to drill and two large tenements adjacent to the southern border of Rocklands for future drilling, you omitted to state that there are a number of targets on the original lease area which will be drilled ; the south west corner anomaly being the largest and that deep drilling has yet to be done on a number of others including my particular interest, Wilgar , where , what has been found by shallow drilling, has been described by the company as " One of the most exciting prospects of the Rocklands Project".

Before the addition of the new areas,there were years and years of exploration drilling on the original tenement .

Once the processing plant is bedded down, I anticipate a vastly increased drilling programme which is conveniently located at no great distance to the crushing and processing plant.

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