Ann: Quarterly Activities Report, page-12

Might be worth mentioning, I spoke to MW during the week. I asked why there was no mention of 'seeking new acquisitions in the activities report'.

He assured, that they are actively searching for and looking at projects in different countries and of different minerals. He was also quite reassuring and sensible in that the company wanted only to invest in a top shelf project. Something that was promising and that the company could afford to explore without having to CR further down the track. It seems that the board wants to get the most for its available funds.

Lastly, he said that the board believes that the market still has a good amount of interest in the Fraser Range and therefore they consider that it is a sensible place to focus i.e. investment here would be favourably looked upon by the media and investors alike. They are very actively seeking new tenements here.

This was not spoken in confidentiality so I assume I'm not out of turn in mentioning the above. Plus, it's possibly not new info. However, I was left somewhat uplifted in the sensibility of MW's words and also knowing they are busy trying to put the funds available to the best possible use.

Have a good weekend all