Ann: Kangwane North Exploration Target , page-2

Quoting from the Ann.

Kangwane North Exploration Target
In the recent announcement on the Kangwane North Acquisition, the Company referred to an
Exploration Target of anthracite coal. Given the transaction was newly entered into and is subject to
various conditions precedent, the Company has yet to design an exploration plan to test the validity
of the Exploration Target.
The Company has limited data on the unwashed coal quality. At this stage it is inappropriate and
immaterial to disclose the data as the type of sample and sampling methodology are currently
unknown to the Company. Consequently, the Company withdraws the statement on the Exploration
Target in accordance with the reporting guidelines of the JORC Code.


What On Earth ??? I can't find anything positive to say about this ann !!!!! One gets the impression that they have simply lost the plot!!!!!

No Ramping in either direction as I don't hold anymore.

Still watching for progress, but this is far from it.

Pandelis