Ann: Kalgoorlie Nickel Project Feasibility Study Update, page-9

When times get tough I’m reminded of one thing- that we have a good to strong cash position and a team that consistently shows an ability to handle money in a prudent way which has steadily grown the market cap over time!

As well as that we have the country’s biggest single resource which is only improving over time thanks to the ongoing development work of both the laterite and the sulfide.

Bear/bull markets come and go but the steel industry remains & the battery story is only improving. Different chemistries have & will continue to emerge but I believe nickel/cobalt will still be a part of the overall story for the next decade & beyond.

A good and timely reminder of where we are at and where we are headed, good stuff & all the best to the Ardea team- which I feel that we retailers are in our own small way a part of.