Ann: Quarterly Activities Report Cash Flow Report December 2015, page-6

There's been a few announcements as we all know regarding GW!

The last line in the quarterly on GW clearly states there's a delay with the scoping study due to factoring in the new acquisition! I personally don't think there is any reason to be concerned with the delay. It's a busy time of year for everyone around Christmas and things take a little more time.

I have pasted direct from the quarterly below. Things are definitely looking positive for 2016. Let's hope so

Strategic Acquisition for Great Western Project

Terrain finalised an agreement to Purchases E37/1214 from Wildviper Pty Ltd.
This area is highly prospective and increases the existing strike extent of Great Western and the possibilities of other occurrences, within the tenement area. The acquisition greatly adds to the flexibility for planning such as location of key infrastructure, overburden storage and gives the project direct on tenure access to the Goldfields Highway and the gazetted Darlot mine access road.

Figure 4: Newly Acquired E37/1214 that surrounds the Great Western Project M37/54 Acquisition Terms

Terrain has purchased the area for single cash payment of $5,000.00 from Wildviper Pty Ltd, which maintains the exploration rights over the area to a depth of two meters and these prospecting rights are not transferable.

About Great Western

Located 68km north of Leonora and 1km from the Goldfields Highway on Weebo pastoral leases and forms part of the historic Wilsons Patch mining area. Great Western (GW) is owned 100% and free of any royalties.

Terrain has previously held this project and considers it as an advanced and near term mine opportunity, which is possibly still open down plunge and along strike. Further exploration has the potential to expand the mine life of the current mining plan.

Scoping study has been delayed as additional geological work is being carried out to the block model and wire frames and the data on this new acquisition is examined.