annual meeting

At the annual meeting it was agreed that the share would not of held 23 cents in this market

It was stated that the company would not seek relisting on ASX till there was some certainty
that the share price would be well above 23 cents

To achieve this will require significant tonnes of conglomerate are put through the ELAZAC
process and smelted

This will establish the head grade the process can deliver. The range discussed is from 1 oz to 10 oz gold
as the head grade

If achieved this will be outstanding.

Pilbara conglomerate gold companies will need to access the technology
to move on from extracting gold nuggets.

The next significant achievement will be producing a concentrate of PGM's that the smelters will accept

Having Gary Morgan driving the company and being the controlling share holder is the best outcome for us small
shareholders

He has stated he will not do a deal with anybody who does not value the companies intellectual property and
he will continue until the process is established and given its deserved recognition

We will then see what price the market sets for a HAOMA share

Timing I think 18 months