Ann: EM Anomalies - Mt Andrew Project , page-11

Positive announcement has now come and it looks good for the future. Fro the ANN yesterday-

Election to Proceed

Ashburton, through its wholly owned subsidiary Southern Pioneer Limited,has spent the requisite $100,000 on exploration over the project and, by issuing the 25 million
Ashburton shares to the owners, has earned a 50% beneficial interest in the project tenements, which at this stage comprise two exploration licences, E63/1322 and E63/1375.

Although the project is primarily deemed prospective for gold mineralisation, the Company is very excited by the VTEM
max results, which suggest the presence of strong conductors,and therefore massive sulphide mineralisation,
and looks forward to progressing its exploration for potential nickel & copper deposits.

I feel better now about owning shares in ATN.