Ann: Quarterly Activities Report, page-18

Hi @Shady Merv , at your suggestion I had a look at ALY's Lachlan Fold Belt projects and the Overflow Mine looks very interesting indeed with some nice poly-metallic grades over reasonable widths (albeit quite deep). Hopefully ALY have the makings of another Peak/New Occidental gold deposit!

The Cobar Super Basin has been an incredibly rewarding place to explore over the years (and challenging because of the depth and geometry of the lenses).  The Endeavour Pb/Zn Mine now owned by CBH was a tier 1 world class discovery.The original Endeavour resource of 45MT @ 8.5% Zn, 5.3% Pb and 69g/t Ag roughly equates to three times the metal value of Nova-Bollinger (Ni) and importantly the value per tonne of the Endeavour ore at today's prices is about $430 compared to $390 for Nova-Bollinger.

I was interested to see that ALY hold the Karonie project to the east of Kalgoorlie. I worked for Freeport Mcmoran as a sampler during the "discovery" of Karonie in 1985. There was an old timer out there who used to mine it by hand - talk about a rough life! I left Freeport to go back packing but it was subsequently mined by Freeport Mcmoran. I believe it shut down prematurely when they hit the fresh rock because the crushing circuit couldn't handle the rhyolite rock which was extremely hard or perhaps abrasive.

Good luck to all holders.