Ann: Magnum to Drill Tanami Gold-Copper Project, NT, page-5

Nowhere Man

As I have noted previously you appear to have your fingers on the pulse. I am hoping you are able to provide some insight to the following couple of questions.

IMO there were some promising results from last years drilling in the Cloncurry region. Will Magnum be undertaking follow up drilling or has management dropped this area, noting that the rainy season is 3-4 months away

MGU has been trial mining Gravelotte since mid-March. Has the trial mining been successful? When is it expected for the first package of emeralds to be made available for sale? (I ask this question as Mustang proved that the value of gems is only what the buyer is prepared to pay) Is this going to become a commercial operation or not?

If there is to be no revenue from the sale of emeralds, do you feel that there will need to be a CR very soon to assist in future exploration, or is there some other alternative


Thanks in advance mate, and I understand that you will only be able to offer your opinion

Alimak