Ann: Drilling Results and Option to JV Signed , page-15

Brett Manning was on board room radio this week talking about the drilling results and the JV signing>

http://www.brr.com.au/event/62844

The key parts for me were:

They have only explored 2km of the WHP with a further 15km to explore

Although the results from the first target werent good enough, some sections had sufficient grade and the volume was good.

As GMC are happy to invest despite the first drilling results, they also believe in the prospects of the areas.

The injection of funds are a catalyst to getting the company moving on both projects.

Brett says the next 6-12 months should be much more active than the previous 12 months were.