South west connect, page-6

Hey elimb,

'Surely GW cannot match NN and Pepper....'

Never say never. Something out there has certainly got their attention, and they're investing time and money in it.

This caught my attention. Nick discussing Golden Wings in Slide 12 from 9.00 mins:

'We've done the first round of drilling out in that corridor. We're now doing the second round of drilling and we believe we're not too far off making further discoveries out that way.

Importantly, we've put a 2km circle around the processing plant. We're now pushing that out to 3km to include Golden Wings. That blue area is the gravity survey we completed earlier this year. Very cheap, very fast to obtain all that data. It has picked out all those structures that are very difficult to pick with the mag data. It's helped us target some of these other prospects.

Just recently we've pushed that gravity survey all the way past Golden Wings. So we've got a little bit more room to play with in the regional space. It's also unlocked the orientation of some of the structures we weren't aware of out there.

So it's all looking very exciting and interesting.'

At 10.12 he goes on to say, while drawing lines on the slide:

'This is Golden Wings. It was going to be a TSF (Tailings Storage Facility) now we're not sure....'

At 12.15 he then elaborates on possibly why:

"Where you're going to find gold is these cross-cutting structures NN, Pepper. West Winds, Four Pillars and Sly Fox. What the gravity survey has told us is that there's these other cross-cutting structures that come out here and here and here,' and he draws 3 blue lines just adjacent to and straight through GW.

Just a novice here, so apologies if this is all obvious to everyone better informed than me. Which is just about everyone!!

Cheers