Ann: Encouraging Results in T3 Extension and Infill Drilling-MOD.AX, page-7

You're not curious as to why, not long ago, MOD kicked off a 6mo regional exploration programme with two roving teams each with a RC drill and doing soil sampling, and now are pivoting to seemingly focus just on T3?

- blanket soil sampling over 50km stretch;
- systematic 1km spaced RC traverses over 14km stretch east and west of T3.

Purely speculation, but if I was MOD and had been approached by an interested party, I'd say come back when you're ready to talk terms. In the meantime I'd focus on exploring the license as fast as possible - the more data they have, the higher the value. They don't need to prove anything up, just do enough work to show the mineralisation is there.

If they haven't had an approach, the soil anomalies east and west of T3 have got to be very prospective for T3-type discoveries, so very happy to see them investigating these now regardless.