Ann: New Phase of Resource Drilling-MCR.AX, page-3

Bub,

"

Darlek is a complex ore body made up of 27 resource surfaces in a stacked reef complex. The drill results
located mineralisation largely where expected, but with less predictability as to thickness. Overall, there
is an acceptable correlation in the well-drilled central and northern part of the pit where the pit floor is in
fresh rock. However, in the more lightly drilled southern sections the infill holes encountered​

mineralisation that was narrower than predicted."

drc016 - shows v good hits below the previously indicated "potential pit" outline (see sect figs 2&4) ......this implies any pit can be bigger and pot for resource inceases .......

Flinders looks like it is going to get bigger (see Nott Castle .....)

I would really really like to see MCR take some decent samples up to Sunrise and chk the met recoveries ......like 50 and 100 T sizes !!!!!! this would provide the market with:
1. demonstation that ore is esily toll treatable
2. show what recoveries can be achieved
3. give some confidence in mine planning / schedualling (ie there is likely to be a few pits in operation at the same time ......)

given the variation in thicknesses - it should be obvious that this is not "super simple" and that MCR appears to be not wanting to f......up !

it is also clear that the resource base is going to grow ......"

The targets to be drilled include the
newly interpreted high-value shoots at Bass, the potential northern extension at West Oliver, the new​

sub-parallel trends at Hronsky, and the potential southern extension to the main Flinders Central trend.
"

however - resources without cashflow .........is not a wise strategy in the current environment !!!!

ie: work out which bits in the current known resource base can make some $$$$ ..........and do it .........

they are already 6+months behind on gold feas study .......

rgds
V_H