update

Spoke to SBR Manager today, I do not believe the below is market sensitive info..


[1] Where are the drills located?

Both in and around the Guchab Canyon

Non-company owned DD Rig in upward section of the Guchab Canyon

Company owned DD Rig testing deeper extents of around Pad 5.

Company owned DD Rig running slower than anticipated, due to intercepting on occasion broken ground in cavities – (1 meter here and there – not the extent of broad lengths like Kaskara). SBR Management are very happy with the quality of the Drill Core that is being produced by the Company Owned DD Rig considering the occasional broken ground in cavities experienced.

SBR manager noted that the existence of broken ground in cavities was very positive because it indicates mineralisation.


[2] When do they aim for initial JORC?

First quarter of 2014.


[3] Next Announcement?

Next announcement shortly, and Quarterly shortly.


[4] Response to current Share Price

SBR Manager made his opinion very clear that he did not believe the current SP reflected the underlying value of the Company and its prospects. They went on to discuss that there was a clear disconnect between the quality of results they had sent to the market and the current Share Price. Additionally noted that SBR were one a few Explorers that were cashed-up and have an active exploration programme.


End of conversation.

Have a nice weekend all,

Sutto