Ann: Acquisition of Highly Prospective Pilbara Gold Project, page-113

The cobalt prospects took a decent blow when the tenement acquisitions in Austria blindsided the management team, obviously the easiest ground to prove up was that which was already proven to host high grade Co and Ni however I wouldn't say that the remaining ground hold no promise, the geo's will likely have selected the remaining ground based on the possibility of hosting extensive mineralisation, obviously with more work required than would have otherwise been.

The SP today is basically at the same level as it was before the Pilbara tenement addition, hard to imagine that this has not added value? the other thing that the Pilbara acquisition proves is that the team behind this one have the ability to sift through potential acquisitions and select those with the highest probability of success. I'd be expecting to see more projects vended in over the coming weeks and months as Clancy build themselves up as a multi mineral focused outfit. From what I've seen you don't get the likes of Tolga, Cranston and Lenigas involved without something solid underlying