Ann: Letter to Shareholders Saturn Metals Priority Offer Amended, page-15

• Hi Mickey...

The MD Ian’s aim is to build the resource to 2-6 million ounces at an improved grade..

sure it’s been put on the back burner due to Mallee Bull etc, but when great or good drill results come through, everyone will start getting excited and “looking back” at today’s comments, most of you will have to eat humble pie!!.

Ian is very confident that the grade and size of Apollo/Ra zone and surrounds will become a much higher valued asset.

I can appreciate reluctance guys, but I will be first to admit I’m wrong if the 500,000 ounces isn’t much improved upon.

I recall very good grades being reported whilst Hampton had the asset, but they just didn’t finish the job due to Iron ore being the main focus.. and then gold was not near so expensive.

If Josh Pitt and partners were only “fair weather sailors” like many posting today then guess what, they; we wouldn’t have discovered...
Mallee Bull, Wirlong, Wagga Tank, Southern Nights, Fenceline, or Apollo Hill Ra to steadily grow, and invest in!!.
Go figure eh?
Sarg