Ann: Downhole EM Conductor Identified at Wodger, page-25

Other parts of the announcement that are of interest.

It can be readily concluded from reading page 3 and examining Fig 3 (p4) that the geo team has been working behind the scenes on re-assessing the existing data covering the 8kms from Forrest to Wodger to Big Billy and has refined or furthered its understanding of the area.

I make these comments on that:

1. They re-processed the 2016 gravity data revealed in the 14/10/16 ann and say that it has revealed a level of detail not apparent before and that a reinterpretation of that data set is required.

2. They also re-processed some ground EM surveys previously done and this work 'has demonstrated that new targets can be defined (as per Fig 3) .....' If you switch back to number 1 under the heading Planned Exploration Activities on p3 you will see that plans are to drill test the new conductor target found at Forrest. At the bottom of page 3 it says this about this target: "A drill test of an analogous 'eastern limb-type' target (at Forrest), where a new conductor has been defined from reprocessed ground EM data, is due to start before the end of this month." WOW!!

They are drilling Forrest before the Wodger conductor?? It looks like it! See point 2 under the heading
Planned Exploration Activities to support this as a probable fact. WOW again! After giving the Wodger target a wrap, they are going to drill Forrest first? You'd have to think that it must be a pretty decent target!