Ann: Croydon Exploration Update, page-6

Thank you Ghosta for your input here with your knowledge and opinions on how KAI can progress the Conglomerate holdings and make their own progress independent of the Novo circus.

Most encouraging thing for me to take out of the December 2018 quarterly report under Stream Sampling Results for the Croydon Project “include a peak gold value of 12,379 ppb Au (12.3 g/t Au), confirm widespread distribution of gold anomalies across the project and build on the significant nugget discoveries towards the end of last year”

As Black Cat has already said they can extract this gold using low cost methods so with the current gold price I feel this year may see a turn around in the share price if they can progress to trial mining stage.

Also they spent $1,045,000 on exploration and evaluation costs in the December 2018 quarter and forecast only $400,000 for the March 2019 quarter so I was surprised to see such a large reduction. Perhaps this is due to weather being so hot, conserve cash or because they have a whole bunch of assays ready for release in the next few months they need to see what these are like first? I am looking forward to the next few announcements

Good luck to all long term holders, regards, BernardF