Ann: Placement to Fund Mt Ringwood Drilling Program, page-20

Hi Seals,
I think most of the SPP went towards the WSA JV as our 10% contribution, but I could be wrong on that. WSA have powered ahead with their 2 year program requirement and finished the expenditure requirement in less than 12 months. I think that sums up their thoughts on the prospectivity of the JV area. WSA have not released a lot of information but I understand they are happy/excited by what the first pass exploration has identified. I am not expecting a CR specifically for the WSA JV, but also I haven't discussed it with Gary either.
I am more interested at this stage in the NT Gold play as it looks the best short term prospect for MOX to maintain funding, especially if the drilling next month lives up to expectations. An exciting prospect with plenty of surface gold and relatively recent mines (1990s?) that have possible extensions to mineralisation on the surface.