news required, page-2

Took the opportunity to accumulate some more @ 16.5c - excellent buying IMO.

Expected news flow on additional inferred reserves to an initial 500-700 million tonnes from completion of second stage drilling at end of first quarter should be forthcoming around July - August and wouldn't take much interest to lift SP IMO.

Third stage drilling aims to increase reserves to 1 billion tonnes with an overall end target of 4 to 8 billion tonnes.

Only a very small portion of the overall lease areas have been drilled and it should only get better.

Good luck to all holders.