Ann: Gold Exploration Farm-in Agreement,KRC-SPX.AX, page-3

SPX has no projects and pretty much no future other than this slim lifeline thrown to it by its sister company.

It has the capability to raise some money for exploration at Mt Remarkable, subject to Speewah being granted an exploration licence and LTR shareholders agreeing to this buy in scheme. Maybe the fundraiser will happen before the licence is issued and shareholder approval is sought. I'm sure shareholder approval to partner with KRC won't be a problem.

I expect the upcoming fundraiser be used firstly to pay Directors outstanding fees with the remaining funds being used to offset KRC's costs to hold any licence it may be granted for Mt Remarkable.

If shareholder approval is gained, LTR will be tied to the future of KRC, which is just preparing for its "last rights" at Speewah Dome.

KRC really does need success in its current drill program for its own future and for that of SPX. This going to be a nail biting time for shareholders of both companies.