report from sally malay

This report references back, in part, to THX

Summary Announcement. Sally Malay. Excellent Results from Copernicus, Sally Malay & Lanfranchi
Date of Report: 05-Sep-2006

received;14.43 pm




* Drilling to test the depth extension of Copernicus continues to return good matrix sulphide intersections

* Best intersections to date at Copernicus include 24m at 2.46% Ni, 14m at 1.54% Ni and 14m at 1.81% Ni

*Drilling confirms Copernicus hosts a significant underground sulphide resource

*Significant hits at Lanfranchi in 4420 zone of Helmut South including 12m at 3.17% Ni and 11m at 3.29% Ni *Drill testing of strong EM conductor (Plate F) on Northern Tramways Dome scheduled for late September

*More nickel intersections from underground drilling outside Sally Malay reserve, best intersection 18m at 2.3% Ni

*Drilling underway on Wills Creek JV and drilling testing of NE Anomaly at Sally Malay scheduled for September