Ann: Canyon commences drilling at Minim Martap, page-57

PFS is due this quarter...and I imagine benefication results will be through for that target date as well. If successful, a significant lift in grade for small cost.

Yes, a gibbsite rock chip could be misleading and I'm sure we could all name companies that have tried similar in the past. (BreX comes to mind) However, I'm sure it is not the style of this management to misrepresent and I suspect it is more of a heads-up to those interested. I look forward to us getting through further info on that gibbsite plateau/x because it has the potential to significantly lift grade (and it is a province). This is not a chip coming in prior to a resource being defined: This is a chip coming in trying to work within the restrictive reporting guidelines imposed by the ASX etc.

There is no freight allowance in the spreadsheet because we dont know where it is going yet. It will get added when we know and the data will get firmed up further with the next resource statement and the PFS numbers. More news on interim tonnage targets will get here for the PFS as well As I've noted frequently, last weeks China freight cost was $16.60, US or Brazil could be as little as $5. They may very well want it in the US as well. Middle east close by too. I've put the current known or best guesstimates in the spreadsheet. However, as stated above, you can simply work on AISC US$30-32 Kribi port, freight $16.60 (or $5) , bauxite CFR China (or Americas) US$69 last week. Gross $23 per tonne pre tax to China or $34 to Americas etc.

Do keep in mind that the grade and tonnage can both grow from here. Read the last announcement and you will probably get what I mean. Have a look at some aerial shots and you can see the plateaus are extensive. There is the potential for this to be a monster and then I would be thinking someone big will want it and play a much bigger game. In the meantime, we wait for further news and I plan my site visit for February. Maybe by then I can confirm personally how thick the plateau is where that Gibbsite chip came from and whether it has friends.