acquisitions, page-8

One gold deposit that looks good for EXS is Portia, which is owned by HAV and is right next to WD. Looks as though HAV are struggling to raise finance and get permitting in place. I also noticed the following in HAV's last quarterly which is interesting:

"Subsequent to the end of the quarter Havilah entered into a binding agreement on farm-in terms for iron ore exploration with the owners of adjacent EL 4200, namely Polymetals (White Dam) Pty Ltd / Exco Operations (SA) Limited joint venture. Under the farm-in terms, Havilah will be entitled to a 75% interest in any mining lease granted over iron ore resources it discovers subject to expending a sum of $1.2 million over a period of two years from the date of the agreement. The owners of EL 4200 may then contribute or dilute and retain a residual royalty. Based on study of the Braemar Iron Formation on its adjacent EL 3895, Havilah believes EL 4200 may have potential for iron ore deposits of similar style to Maldorky, located within 10km of the transcontinental railway line. An exploration drilling program to test this will be mounted early in the New Year, subject to timely PIRSA drilling approval."