Ann: Drilling Go-Ahead in Peru, page-4

Very positive announcement from AQD.

We did end up getting an update before the quarterly as well. Pleasing to see that we are finally kicking Peru off, and next month too by the way wasting no time at all. I think thats excellent. It also bodes well for our other projects in the SAA as by the looks of it S32 want to drive these projects and waste no time getting it done.

I personally don’t think any exploration success is currently factored into the price currently and I think we will see it edge towards 3-4c in the next 1 to 2 months before either retreating or a blast off on success.

Great work AQD team and I hope the share holders that have suffered and the guys that have been here the last 4-5 years see some light at the end of the tunnel and can look forward to the SP rising.

Im sure more juicy info on our other projects awaits us in the quarterly!

GL