Ann: December 2016 Quarterly Activities Report, page-4

I've written up some notes on the TBR thread regarding progress on the 51% EKJV (see link below) which seems extremely positive to me.

https://hotcopper.com.au/threads/go...2913152/page-48?post_id=22124666#.WIfijWetTtQ

At the 100% Kundana ground it also seems like very good news on progress. I can promise you one thing. If all their other mines fall over, Kundana will keep NST in business for a very long time. The old timers were there mining in 1895 and then modern mining started again in the 1980's (??) and it's going stronger than ever. Esh

> At Artic (north of Millennium) RC and dd drilling achieved excellent wide spaced, strong intersections on the K2 and K2A structures. In addition, new link veining between the K2 and K2A structures was noted in several holes, often containing coarse visible gold. Assays are pending.

> At the Pope John prospect, infill diamond drilling on the K2 structure was completed returning with higher than expected results on the southern limit of the deposit. Revised resource models are in progress in conjunction with future development design and planning.

> They have more gold under Moonbeam as well. Further south on the K2 structure, RC and diamond drilling at the Moonbeam prospect recorded strong intersections below the current resource model. Assay results indicate grades are increasing at depth, highlighting potential for further extensions below 350m vertically.

> More gold below the historical Baker and Helga pits as well......The infill diamond drilling program at Barkers and the adjacent Helga’s vein was successfully completed and defined extensions to the recently defined high grade resource model. Resource models are currently being upgraded with preliminary planning underway to re-enter and establish access to these areas from the existing Barkers decline.

> and deep drilling (~650m vertical depth) targeting the Strzelecki-Raleigh structural corridor south of the dormant Strzelecki Mine intersected a significantly mineralised Strzelecki Main Vein structure and new parallel hanging wall structure, both with significant visible gold content