Spoke with Graeme Clatworhty (Exec Dir) this afternoon, he tells...

Spoke with Graeme Clatworhty (Exec Dir) this afternoon, he tells me that management are very mindful of what is happening in the Cobalt space at the moment.

He said that the Midrim work was released first because of the volume of previous exploration study that was available for that project and that they feel Midrim is a very good stand alone project in itself. Graeme said that Cu and Ni are hot minerals right now also.

Then went on to say that that Max Nind is in Canada supervising work being done there and that they wanted to have results of field work at Iron Mask and Mulligans released to market before years end.

Went on to discuss current cash burn rate and need for CR at some stage soon (they can't say too much because of Non Disclosure rules) he agreed would need to be soon and that they were looking at a number of funding options, but that it would be a good thing to lever off good news.......