Ann: Trading Halt, page-12

Going back to the Rodney Hooper Independent company research and estimated fair value report dated 2 April............

Understanding this is only Rodney's assessment and estimate (best guess), he had predicted a CR for July after the resource upgrade so this should not be a surprise at this time. (He must have known something in April as he wrote this report after visiting the project site and talking to the team there). He is also predicting another credit raise in December. Who knows if the December CR will happen as that is too far in the future and many good announcements are proposed between now and then - much can change. He did get this timing right though. Note on page 36 of his report he said that the company will need to raise US$12M to complete the FS and potential land acquisition. Note his comment about a strategic partner. I have copied and highlighted his comment below.

You can make your own guesses on the upcoming announcement. I am not guessing, I will wait for another day or so. All positive though - IMO.