Ann: Managing Director's Address to Shareholders, page-5

Found the following info on Kanowna Belle discovery on an NST fact sheet and thought it might provide some perspective on Torians Round 1 drill program...

"1989: a soil sampling program on a 500m by 500m grid delineated a single point anomaly of 100ppb Au
above Kanowna Belle. Follow up RAB drilling intersected 8m @ 4.5gpt.
 1990: Further drilling at Kanowna intersected a 19m @ 17gpt and 12m @ 34gpt in the oxidised supergene
zone. Later diamond core drilling intersected 61m @ 26gpt and 25m @ 78gpt. By December 1990, a
resource of 2.9 million tonnes @ 4gpt containing 370,000 ounces had been established. The decision was
made to proceed with the Kanowna Belle project with North Ltd as the operator and manager.
 1992: Notification to commence open pit mining at the KB Deposit was issued on the 2 November 1992,​

with pit excavations commencing on the 30 November 1992."