Ann: $6m Share Placement to Accelerate Southern Nights Drilling, page-25

Hi Karenauk

I could expand at length however as you review the ASX price sensitive announcements you will soon get to appreciate that more often than not we have hit very high grade Cu, Pb, Zn these with many attractive Gold credits.

Management and major shareholders are held in very high regard industry wide.
Currently expectations are that several projects shall become mines.
Such events are catalytic to a strong positive RE-rating of the share price.

The value of our shares is in part held higher relative to others as there’s very few free shares generally available.

Most shareholders whom understand the nature of the company aren’t short term investors, and they know that the assets held are, if anything, still very undervalued i.e. given the results to date, and the overall exceptional potential of the Cobar regional tenure & infrastructure.

Importantly the fantastic discovery at Southern Nights is 100% owned by Peel Mining.

My belief is that there’s a very strong likelihood to see Peel shares significantly higher near term.

Shares were happily snapped up and keenly held at .73c quite a while back, that’s when we hit very high grade Cu at Mallee Bull.

We’ve proven much high grade ore since then at Mallee Bull TI & Wirlong. It’s important to know that Mallee Bull ore is not closed off at depth!!.

We are very fortunate to have secured a very rich Wagga Tank mineralised system with its growing strike associated at Southern Nights, so there is much scope, at over (1.3 klm’s) to crow about!.

Sarg