Ann: Letter to Shareholders Saturn Metals Priority Offer Amended, page-6

Hi Pete.

Yes we will have a lesser interest but with real action and focus to develop potential mining.

Their aim is at increasing gold endowment from 500,000 to an estimated higher end target at as much as six million ounces.

I had a chat about this at the AGM and there’s a keen MD with a belief after much study that the strip ratios can be much improved with known considerably higher grade targets better assessed by drilling around same, this being amongst other matters to optimise the grade generally.

It’s a very rich region with plenty of known strike (within our tenure) yet to be decisively explored.
Gold being on the up, will attract attention.
Sarg