Ann: Quarterly Activities and Cash Flow Reports D, page-2

re: Ann: Quarterly Activities and Cash Flow R... I certainly wish the Company filtered through what stage any joint partnerships were at? Its not communicating and so at this time I hope something has being secured -its there but we need $$$ to build the infrastructure to get it.


The Company remains focused on securing funding to redevelop the well-understood and high-grade
tungsten deposit on King Island.
Discussions continue with a number of parties who may be able to assist KIS with project funding.
The board and management are assessing the potential to reduce both capital and operating costs
associated with the Dolphin Project, including any scope to further stage the current development plan.