Yep, completely agree, and we are across the geopolitical risks...

Yep, completely agree, and we are across the geopolitical risks in the country, and after years of stagnation there is finally some positive progress with expectations for the new mining code to be passed into law this year.

With relation to resource size, HIO admittedly have a much larger resource currently, whereas AKO have only proven up a single maiden resource and are currently focused on 2 prioritised projects or of 4 projects.

The two projects which are the current focus are within 40kms of each other.

AKO have only done 8,000m of drilling along 2kms of strike of 16kms of ground that has been electromagnetically surveyed of about 46kms of known targets at the 2 prioritised projects, and the expectation is for a multi billion tonne resource

From this we have proven up
- almost 6mt of DSO, with another 1.5mt to be added from the recent drilling campaign
- 35mt green steel suitable resource that has a40% DTR rate, where the equivalent for HIO would been to be a 100mt resource (acknowledging you've proven up a much larger resource
- a 196mt magnetite resource

The company has also just announced a CR to unlock more tonnes with a drilling campaign at the second priority project, so the 200mt should increase significantly in the medium term.