Short-term Objectives

• To drill further wells in Hot Creek Valley, Nevada

Medium-term Objectives

To maximise shareholder value by:

• Drilling further wells;
• Moving the Hot Creek Valley discovery up the value chain to ‘Proved Reserves’;
• Acquiring a trading facility on a recognised exchange.
• Continuing to collect high quality data to inform future development;
• Establishing an industry partnership to enable large-scale exploration and development of the Hot Creek Valley property.