Ann: Nova Company Presentation - January 2022, page-12

Another 2 Years for PFS & Another 2 Years on top for BFS.

So there is a pivot in RPM with RPM going to form part of the Feasibility moving forward.

Those that though the company was just going to push forward in production from Korbel are wrong.

Biggest risk is that the Korbel SS is marginal and the new narrative that with RPM it's going to be a tier 1 project.

Another 5 years + of continuous drilling.

This ann does nothing but telegraph another 5 years to continuous placements and further dillution.

There is a reason why insto brokers have been dumping non stop.