Questions to be asked at the GM, page-20

No input from anyone on the esr thread, most are too busy watching pips!

I'll ask these questions on Tuesday.


Question 1. With the amount of drilling that has taken place in the last 18 months and to help validate the work that has been accomplished, would it not be a good idea to commission a third party company to evaluate the activities of the last 18 months into a Target Statement/Resource statement?



Question 2. Why has it taken so long to further explore Carr Boyd Mine at depth?
Historical data from Yilgan Mining, back in the 2000s suggests it's fully warranted and they even took steps in 2006 to do a scoping study to build an underground mine.

Question 3. I've noticed the drilling program released in the last quarter of 2021 has changed dramatically, is this because of the guidance of CSIRO?
And if so, is the model still fully intact.


Question 4,
Why was such emphasis placed on hole 77 back in late October and has the hole been completed?

"Hole 77 will be something of a make or break moment"

"If we hit then it confirms everything we think is happening geologically, and our model is intact"

"A 420m hole that is currently being drilled will erase all doubts about the model, confirming the basal contact"

5/ Internally there is a lot of chat that management is comparing Carr Boyd to Julimar, where Chalice just recently announced that they had found the largest discovery of Ni in the last 20 years with a Resource of 530,000 tons of contained nickel.

Its public knowledge that management is confident that Carr Boyd will supersede this 530,000 tons of contained Ni.

So my questions are these

A/ What evidence do you have to make comparisons to Julimar and its 530k tons?

B/ How long are we away from having enough data to confirm in fact our discovery(s) is larger than Julimars in contained Ni

C/ Julimar"s 530k ton of Ni came from 330 million tons of ore with grades of .016%, with esr cut off of reporting at .7%, would it not be prudent to actually lower our cut off's to say .2% to paint a much clearer picture of what we are seeing from the surface down to that 800 meters?



Question 6. Why has the sale of Spargoville not been put to the Shareholders? With the GM next week, it would have been quite easy for management to add 1 extra resolution to the meeting? Further to that point, If an unsolicited offer is Made for Carr Boyd, could the same outcome occur, where management sells key assets with no consultation with us the Share Holders.

Question 7. Chris, can you define the meaning of "Elephant" in terms of an ore body and how much contained tonnage of Ni is needed for the term "Elephant" to be deemed worthy