Ann: Cobalt Ridge Drilling Results, page-44

We are just at that stage where resource needs to be found and sized up before plans can be made and progressed. I know it's a bit frustrating holding and waiting and holding and waiting particularly with the decrease in SP to where we are. Chart looks terrible!!

We know Lynn Lake has metallurgy being done due around Christmas and Brett has been clear that Nickel price needs to support trigger being pulled. If Nickel price supports mine start up then I assume funding from either Hanking or someone else would be done.

We know from Presos and Interviews that Mt Gilmore is very close to results from last drilling and intention is that if resource size is big enough then we move to next stage which I assume would be Hanking saying "let's go" and we move towards mining leases, dfs, financing etc. This is what I am hoping for and would definitely see some SP action IMO.

I think Hanking would not mess around once resource tonnage is proven at Mt Gilmore.