PRICE AND VOLUME QUERYWe refer to your letter dated 24 May 2005...

PRICE AND VOLUME QUERY

We refer to your letter dated 24 May 2005 regarding changes in the price and volume of trading in the Company's securities, and provide the following response.

The Company wishes to advise that it continues to liaise with the Ministry of Mines and Energy, Namibia (MME) in respect to the applications for renewal of the Exclusive Prospecting Licences (EPL's) covering the Enongo Polymetallic Project (EPL 2805 - 2811) and the Skeleton Coast Diamond Project (EPL 2698 - 2700), the application for inclusion of Nudear Fuels at the Erongo Polymetallic Project and the application for inclusion of Industrial Minerals at the Skeleton Coast Diamond Project.

In the most recent correspondence received from the Mining Commissioner of the MME, he confirmed that the Company will receive advice from the MME imminently. There has been no suggestion from the MME as to what decision the MME will take in respect to the forgoing matters.

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So it still hangs in the balance but really I can't see why the won't offer them the leases. And RTM management certainly aren't give away any prior knowledge they have to the ASX. The volume appears very high for 'just speculation' though.

Cheers