Broker Report - Target Price 16c, page-11

14th March 2017 : Mining Journal (extract)

Copper Investor Hub: Of the many exploration targets in the surrounding joint venture area, which do you believe warrant the most attention?

Julian Hanna: MOD employs many geologists and we all have our favourites! Apart from T3, I like T5, it’s a deep but very large target, T7 where we are currently drilling and T20 just west of our operations base in Ghanzi. They all have the right magnetic characteristics and we’re about to put them to the test.

The guys on site are rapidly gaining an understanding of the geology of T3 and starting to look elsewhere along the main structural corridor for the next T3.

The T3 project area alone is 1000sq.km of very prospective ground, the first stage of a high-tech 3D IP survey has been completed and this has generated some very interesting drilling targets. We look forward to getting that exploration underway soon.