Ann: Redmoor Option Payment Received, page-5

NAE Managing Director, Gary Fietz, commented: “The £843,649 received from SML for the completion of its Option payment marks a major milestone in the advancement of the Redmoor Project. We have made significant progress in recent months in preparation for commencing drilling which is on track for commencement in the first half of 2017. Cornwall Resources will now be able to enter into the drilling contract which is already well advanced with the preferred drilling contractor following completion of a competitive tender process in late 2016”