Ann: Quarterly Cashflow Report, page-35

Some Rough Calcs below

• Cash Expenditure In Aggregate for Sep 2020 Qtr is - $1,814 Mil
• Total Meters Drilled - 8,065m
• Approximate Cost Per M - $225/M
• Cash Remaining - $5.5 Mil
• Approximate Drill Meters Available - ($5.5Mil / $225/M) = 24,400m
• Average Length Per Drill - 280m
• Approximate Drill Qty Available - 87 Drills
• Approximate Drills Completed Per Week = 3 Drills
• Time to complete 87 Drills (based on 2 rigs) = 29 Weeks

Depending on how the deposit and overall prospect evolves, if simply just focus our time and money on Ternera, we may get a first pass of the MRE, however, if we are boosting the exploration schedule and expanding to additional targets (as we are planning to for district target drilling) then it will be a stretch.

There is no point speculating, just kick back and watch it all develop, re-evaluate if there is significant new development.

Definitely is growing! you guys ain't seen nothing yet!