Ann: March 2021 Quarterly Activities and Cash Flow, page-4

This quarter, 22% of the expenditure was on Exploration & Evaluation, or $1.136 million. For the 9 months it was 41.3% ($7.1 million of the $17.2 million). This seems to be a lot of the company money going into an area with minimal explanation or breakdown of fees and charges if its solely for mineral exploration. Could the "Evaluation" include Water side of the business???

Sure, Hylea Project may of required some expensive consultant fees to evaluate its resource prior to picking up the exploration leases, de-mobilisation of drill rigs from Phoenix Project, cost of deep drilling 3x diamond core holes been realised and Minore Project near Dubbo activities (how many metres completed or is it yet to be granted permission for drilling???).

Yes, you need to spend money to make money but where is it going. Once the Platinum results are issued in mid-May then further drilling expenses of $xx million will be required. The Minore Project should be explained more as well to elaborate on the cost benefit of this activity.