Programs & Budgets

Detailed Exploration Programs and Budgets

The Company is in the process of finalising its exploration programs and budgets for the next two years, based on the Company's present knowledge of its projects. Actual expenditure may vary depending on the exploration successes and results which may change the proposed exploration and evaluation activities.

The Independent Geologist has provided comprehensive programs and budgets for each of Ishine's projects covering an initial two years of exploration, which indicate its intention to spend a total of $2,700,000 on exploration over this period. These budgets are considered to be adequate to cover the cost of the proposed exploration programs and to maintain the tenements in good standing. Sufficient exploration has taken place in the past to justify the budgeted exploration and expenditure programs.