Ann: MOD Launches Regional Exploration Campaign at T1, page-14

Here's the actual drill timetable . We should get latest results very soon. They have 4 teams of 2 rigs each drilling at separate locations, with one team at T1 I believe. They can now ramp this up with the funds from the raise.

Last years delay was due to new mining regs and misinterpretation by the Bots Govt. The problem was a minister demanding paperwork and studies to get permissions for mining and blasting when the JV only needed drill permits. That was unfortunate but behind us now. The Bots Govt want MOD to have a producing Copper mine, so they won't refuse any permits.

As usual investing in any company is a calculated risk depends on whether you trust your own research. As I said before I'm happy with mine and will pull out if I see any real problems ahead, which at present I don't.

The raise was to speed up exploration so I expect this strategy to be successful.