Ann: Quarterly Activities Report, page-115

Yes chris,

We have an ILUA for exploration.

We are presently negotiating an ILUA for mining, and when EOPL get around to spinning the mill, I trust the following undertakings are compliant:

"Etheridge Operations Pty Ltd has advised that in addition to the recommissioning of the Georgetown Plant it is testing United States - sourced centrifugal equipment aimed at a higher percentage gravity recovery of fine gold from the Agate Creek ores. Extensive metallurgical testing indicates that up to 40% of the Agate Creek gold is recoverable by gravity extraction. This has the potential to position the Agate Creek project as a low cost producer .

Etheridge has further advised Laneway that, in addition to bringing the Georgetown Plant back into produc tion at its full 200,000 tpa capacity, it has acquired a further 350,000 tpa milling capacity through its purchase of the Collingwood hard rock tin plant near Cooktown. The Collingwood circuit includes a modern 1992 Marcy ball mill, which combined with the existing Georgetown milling capacity provides the potential to boost mid - term gold production from Agate Creek by significantly lowering the cut - off grade for ore that could be economically processed through the plant ."

WHY THE F*CK IS ABOVE NOT READY....NOW!!!... FOR F*CK SAKE !

BTW, I'm still smiling