we need a report / whats going on, page-2

Hi troy,

Nothing that should be reported to the market at this point in time. Characterisation and beneficiation testing of Irvine samples is ongoing as previously reported. It will still be a few weeks at least until those results are received and reported on.

Planning and approvals are continuing for Irvine for a low cost program to commence soon after beneficiation tests are received. We still have around $3m in the bank and need to make sure that lasts us until late in the calendar year.

Tasmanian projects will have little spent on them until we drill another hole into the IP indentified target at Cethana to finalise our earn-in around the end of the year.

Progress is being made, just nothing that can be reported at this stage.

Cheers, Tony.