Ann: Update on Timing of Dilling at Lac Rainy Graphite Project, page-31

Nothing has really materially changed aside from timing, which although not ideal ahead of the CR, in this instance it was somewhat out of management's hands. Also the delay was somewhat predictable; note that I posted an article about the local weather some weeks ago. All in all if you've stuck it out this far I don't really get why you'd be throwing the toys out of the cot now.

Please also note that they are only expecting to mobilise the rigs and crews to site within 5 days, not necessarily start drilling. I would caution throwing a tanty in 5 days if we don't see another announcement.

On a possible positive note they have made a plural reference to drilling rigs. Noting that, I think it's possible we've still got time to get some price action ahead of the CR. If anyone is in the ear of management I'd appreciate confirmation of the number of rigs commissioned for the campaign. Please remember we're here because we are quite possibly sitting on a globally significant graphite deposit, the grades from the trenching were head turners. Good luck all.