Ann: Independence Commences RC - Diamond Drilling at Bryah Basin, page-145

I have made appropriate enquiries and they reveal that if this a normal-type JV agreement then ALY may not be told much at all, and that could be limited to quarterly in arrears. On top of that IGO would determine what is 'material' or not.

So, the fact that there was no news during drilling which started late June it seems and 4 weeks has passed (estimated time for completion) does not necessarily mean that it is no good. It may be quite good for IGO but not 'material' so as to require immediate disclosure.. They would be visuals anyway, so no great reliability.

IGO should have sent the samples and cores away for assaying by now. Maybe 2 weeks ago even if all drilling went to plan. My guess too is that this would a be a program of drilling, one requiring an analysis of all assays and an assessment of the whole of the drilled area.

The question still remains though as to whether or not IGO will release a full report once it has completed the task at hand. I hope it does, and does that soon and doesn't wait and hide it in the next quarterly report. An intra quarter report would mean that there is something good in it; not 'material' though, but still good.

The people at ALY might have no idea as to what has happened or is happening, so nothing to report, eh!