Ann: Company Presentation, page-17

There WILL be a CR in the near future, but maybe not off the back of this presentation.

The company had about $22m in the bank after the last raise, so that is likely $20m - $18m now.

They need to complete the infill drilling, complete the scoping study, get through the winter and then continue drilling infill and extension drilling at Korbel and RPM.

Korbel the whole of the resource needs to be proven up to M&I and the more drilling in order to get reclassified as a proven resource.

RPM, they need to complete the drilling at RPM North, and then open the pad at RPM South.

In lieu of a pump to get the share price up, the raise will be at $0.10c given the 20% discount that was offered previously, and this will be exacerbated by the stench hanging over management and the company with the last raise and now ASIC sniffing around.

An incredible resource that is brought down by what appears to be a board that, despite the news flow they are releasing to market, appear to be so short sighted they can't see what is in front of them.

Also, Snow Lake IPO update was supposed to be DAYS away WEEKS ago.

Such a shame.

I am up, but nowhere near what I was, I am seriously considering selling the majority of my holding and buying back in sub $0.12c

I have been vocal in my criticism after the raise, and I reiterate that I am bullish on Estelle, and nothing more.