Ann: Ongoing Review Outlines IOCG/SEDEX Mega-target at Frewena, page-74

Hi guys,

Lots of good posts today.

I think once we get assays for hole 4 and firm drill plans at the Frewenas then we could be trading well above 20c. Exploration is slow methodical work to lead up to drilling, management have done a great job defining targets that are world class.

Regarding to the PGE/magmatic nickel copper deposits it’s probably the link to nickel demand and increases in pge prices for new gen batteries and underinvestment in new mines. Typically these deposits are 10-50mt in resource with a handful above in South Africa, Canada, Russia and China. New supply of nickel is largely coming from laterite deposits.

Copper demand/supply is also going through similar issues with large underinvestment in new supply or maintaining of existing supplies. Some of largest discoveries recently are at increasing depths which creates cost and time constraints with development.

best of luck holders