Ann: Exploration Update-TRL.AX, page-7

I would make this statement - the correlation of BIF intersections and gold is getting less and less such that the model for mine is begining to look weaker and the intersections achieved to date may be more related to faults/shears or some other geological parameter. As with Hill 50 in WA and what they called boogardie breaks, the gold mineralisatoin was mainly at the intersection of faults and the BIF, not replacing the BIF over long strike extents away from the fault - so if it is the same model they need to target these type intersections and they can often be narrow etc etc and it makes it hard with any cover to explore. Any "super" detailed magnetics should help maybe show the BIF breaks/minor offsets by faults etc and then target them, but just targetting the BIF horizon in general might not be what is really needed for success??