Ann: 235m Drill Intercept at Roseby , page-3

Xstrata are drilling in the SEEP areas as per the orignal agreement between them and Universal.

Any SEEP resources are separate to Roseby, except there is a clause in the original agreement which states that if Xstrata spend 15mil on exploration or takes SEEP to DFS before 30 June 2012, they must purchase 51% of SEEP resources at market value. If this is activated then Xstrata must also purchase 51% of Roseby resources at market value.

So to answer your question, the drilling is to help Xstrata make a decision on SEEP, which in turn could also help Universal by Xstrata purchasing 51% of the entire resource (SEEP and Roseby) which would be massive $$.