Ann: Private Placement to Raise $500k, page-19

Well the report is out and demonstrates they have been extremely active with exploration which has to be done at some point even though we were not happy with the breach of the critical path to discovery with the lack of  f ... drilling.  The vegetation offsets are not imaginary for this to take place and should have been accounted for.  Melos is right to criticize the lack of activity.  Those of us who know the area know the weather was always a factor but maybe an excuse given they have large tenements and a broad range of minerals to investigate that were accessible. The report indicates they got the message and got on with it. It also seems the impediment of vegetation offsets is being overcome and they will have access to drill ready targets in their revised plan.  In the meantime drilling should commence in targeted areas shortly not subjected to the vegetation offsets in a key area sampled for high grade lithium.

The comparison with Fosterville for gold is a sound initiative.  The government will welcome jobs in the area once the activity ramps up when environmental issues are bedded down with offsets for vegetation and DTM can move forward to discovery.  The price is right at the moment for what they have.