Ann: Tombola Gold Presentation Broker Briefing Webinar 10-03-2022, page-2

Great presentation from Byron Miles yesterday.

In particular, he stated that the attached slide was the reason that drew him to the company in the first place. As one can see there is also cobalt present at Evening Star and Little Duke. There is some sort of connected system (IOCG) that is present which is yet to be tested at depth and that is what TBA plan to do.

He was asked a question whether TBA will be updating its Scoping Study. The suggestion was that its just about replacing it with new numbers, i.e., the higher gold price equals higher profits – $200+ million.

With plenty of potential funds to explore and drill out what I think are the best 'Tier1' IOCG targets in Australia, including Burra, it's going to be a very exciting year or so for those who are patient.

Looking forward to imminent news!

All IMO, DYOR, GLTA(patient)H