Gold Drilling early May, page-14

Hi Seals
Fair enough.
Well,it is history now for better or for worse in spite of what some might have speculated on the project - and we don't know the real reasons behind the move or the known unknowns. We do know that The Project comprised two tenement packages, respectively held by Monax and Strandline as well, in what is essentially a first mover terrain and seemed long term and seemed maybe a little complicated to some perhaps. I don't know about the 1% royalty you mention but the company has made their move rather swiftly and I believe it is a restructure of some sort so they can concentrate on their gold projects and Lithium venture to focus on more immediate projects to best use the funds they have available now to best use. They have made a management decision. I agree $20k is not a lot but Mox agreed to the valuation at this point in time with the information they have and it is what it is. We can only accept their decision and move forward with them for more immediate prospects. I think most will be now focussing on The Mt Ringwood Gold drilling programme coming up and Croydon Project development. Also now with the Lithium tenement application located West- of Mount Garnet in northern Queensland (Figure 1). The application is based on an extensive geological review following “moderately weathered, light pink, lepidolite pegmatite near metamorphic s” and reported the reported occurrence of lepidolite pegmatite. It is a new proposed Lithium prospect area which is to be investigated. Once the application is approved we can look forward to preliminary work being commenced straight away.
Good luck all for the coming weeks events.

ch