Chairman's Statement
During the 2012/2013 financial year there has been a solid advance in the Company’s activity with a resource estimate upgrade of the Elaine 1 deposit and the intercept of mineralisation at the Blue Caesar prospect on the Company’s Mary Kathleen Joint Venture tenements in Queensland.
Pleasing results and progress in this region have been achieved, which has meant that the Company has had to trim expenditure in other areas to concentrate funds on these tenements which could hold a significant discovery.
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