Any ideas?, page-18

From Annual Report 4th October:

Clancy Exploration is actively seeking and evaluating new project opportunities. The market sentiment has shifted appreciably towards investing in mining and exploration opportunities in 2016 and we are of the view that the Company’s future lies in the resources sector.

Our team has reviewed several opportunities in the resources sector. We are seeking a project with the capacity to generate significant shareholder value. This search is ongoing.

Over the past year, the Board has changed completely, with the exception of myself, and the Company has
been re‐capitalised to position itself ready to take advantage of opportunities as they may arise. The focus has shifted away from Orange in NSW and operations have been brought back to Perth.
We are seeking expressions of interest from parties to farm in to or acquire the NSW mineral properties.
With a lean corporate structure and very low cost base your Company is well positioned to rebuild value
through maintaining its momentum on project generation activities.