Ann: Significant Drill Results at Mt Celia-LCY.AX, page-11

Hi Hollis
Page 18 of the 2005 Annual report states the tenements in question were surrendered. Sharon Heng was the MD at the time of purchase. She left the company in 2014 and agreed to pay the company $868,000.00 within 5 years. A director also left the company around the same time. Best to google Sharon Heng to view the newspaper articles. This episode in the companies has of course left a bad taste in the mouth of long term holders.
IMO this company has tried to move on and has some decent land holdings and is cashed up. They are drilling holes in the ground on the advice of Geo's which is what's expected??. Think (hoping) they might just find some nickel at Mt Beven. Best thing I have read on hot copper is, Australia is a maturely explored country for mineral resources. This is my first blog..... Be nice now. All only my opinion DYOR