Ann: Southern Nights Returns Stunning Drill Intercept, page-81

Yes Saturn updated their resource 8 months after listing! The updated resource comprised a very large database of recent and historical drilling and yet miraculously they have the updated resource model completed 2 months after announcing the last  of the drill results. Rob Tyson as Executive Chairman of Saturn receives 0.5 million free shares (performance rights) worth $135,000 (on top of his Saturn salary of $50,000) for simply achieving this kpi of updating the Apollo Hill resource model within 12 months of listing.

Meanwhile at Mallee Bull/T1 the scoping study is nearly 2 years late because they are taking forever to update the resource model. Not good enough and is enough for Tyson to be shown the door!

The recent sugar hit by targeting the middle of the known high grade zone of Southern Nights is welcome in terms of the share price rebound, however, what about the conductor between Wagga Tank and Southern  Nights? We were informed that "several" attempts failed to intersect it. When is another attempt going to be made? For this project to attract heavy hitters in a way that will see the share price to re-rate we need to increase the scope such that there are multiple lenses with economic grades and widths. Much of the drilling at Southern Nights thus far has been wasted chasing thin low grade mineralisation. Getting back to the conductor, recall that back in May hole WTRCDD123 returned 14.5m @ 2.43% Cu, 2.67 g/t Au, 123 g/t Ag and 2.58% Zn - all adds up to gold equivalent grade of 10.0 g/t.