Ann: Prominent chargeable anomaly identified at Parndana Project, page-2

Shallow:

Drilling by the former SA Department of Mines and Energy in 1990, exploration by ASX-listed Havilah Resources at Bonaventura in 2003, and Monax drilling programs at Bonaventura in 2006 and 2008; seemed to indicate encouraging and significant shallow results.



“Monax has commenced a follow up, detailed micro-gravity survey coincident with the IP lines
to provide further confidence in the shallow zone of the model.”
“The 250m x 250m spacing of the current gravity data restricts the ability to model the top 250m
with confidence”.
“Results from the IP survey indicate that the chargeable feature migrates to shallower levels
than can be accurately modelled in the available gravity, which the survey will address”