update report for shareholders

Apparently not all shareholders received this for some reason. Roo Roo asked me to put it up here.

"Carrick Gold
Update report

Company News

Overview
The principle salient points on Carrick Gold are as follows:

*Current 3.9m Au oz JORC compliant resource (> 1.1m oz in Measured and Indicated categories)
*>$16 million cash
*No debt
*Cost of discovery to date per ounce of gold: c $4.00
*All projects 100% owned by Carrick - no joint ventures
*Nickel spin-off of a 1 for 5 free basis underway in Condor Nickel Ltd.
*Resources upgrades in three parts to come to bring resources to c 5m Au oz (assay labs are v. slow with results)
*Independent resource modelling and pit optimisation studies in progress for the Lindsays Project
*Drilling of high grade shoots at Lindsays Project at 10-metre spacings to increase grade etc. underway
*Current shares outstanding: 122,000,000 (Top two shareholders hold c. 57%)

In summary, ongoing drilling continues to improve the grade, the category, and the overall resource."

Over the page:-

Lindays Project 2,917,721 ounces (measured 4,679, indicated 647,756)
Kalpini Project 242,000 all indicated
Kurnalpi Project 755,087 (114,083 indicated)
Total ounces 3,914,808