Ann: Highest grade silver & gold drill hits from Glenlyle Project, page-20

The mute point for me about the Irvine projects is that they all show the exact same structure as the gold lodes comprising the Stawell gold mine. SGM isn’t one continuous deposit, it’s a series of high grade lodes interspersed by sterile and low grade zones. Generally speaking, the higher grade zones were found tucked in against the basalt structures. When NML first started exploring Sth of the Stawell basalt, the doubters claimed that we were wasting our time, no gold there, drilled before etc etc. I’m sure they had some sort of motivation but it’s all history now. We have a surface footprint several times larger than SGM now and we should have a substantial initial shallow mine resource outlined within a couple of months. If we get some node hits with the diamond drilling, well that will be another story. GLTA