Ann: Response to ASX Appendix 5B Query, page-62

It is scary that it has now been 9 months since the NSW projects came into the spotlight and nothing has really happened except some emotively titled announcements about "fast tracked" exploration activities , which on analysis appear to have been little more than desk top reviews of old data and maps and placing some dots on those maps and calling it a drilling plan. And in that time there has also been nothing of real significance in relation to the Bonaparte and Laverton projects. These projects were given lots of hype between April to August 2017, but now one needs to ask if they are even being looked at seriously anymore? Will they be the next item to be shown the scrap heap, next to the Bolivian project that was only a few months ago held out as being a big winner with lots of dollars sent overseas for the purpose of funding the project?

The more scary thing is that the ASX seems to be directing particular focus on these guys, including the scrutiny and questions surrounding the misleading statements in the initial November 2017 announcements regarding the NSW projects and now the recent focus on the lack of funds issue.