June 30, 2008 Production at Kariba has continued throughout the period although it has been
lower than previous years. However the privatisation agreement to purchase a further 26% of the joint venture remains unsigned by the Government of Zambia. The Group has requested an explanation regarding the delay and will make a decision on Kariba's future once this has been received.
June 30, 2007 Production continued at the 50% owned Kariba Amethyst Mine with sales of US$2,133,088 for the year. The completion of a privatisation agreement to purchase a further 26% of Kariba from the Zambian government has taken much longer than had been anticipated but the Company expects it to be signed in the near future. A feasibility study is underway at the property and management believes that production can be increased significantly.
December 31, 2006 Production continued to improve. The resource definition drilling has commenced on the property
and is expected to support the feasibility study for expansion.