Ann: Significant Discovery at Sentazon Deeps, page-13

past months, until recent weeks,
the sp of cel has trended with the pog ... downwards
perhaps, the rising pog, will now lift the cel sp

meanwhile a number of questions, ... case for economic mine?, and capex anticipated?
no answers yet, but have been addressed in the 3 nov 2022 IMARC presentation/announcement

the main information:
a. Page 13/22 on the land grants relevant for cel valuations

• Grants formally granted - 235 sqkm
• grants pending - 329sqkm
• to be registered - 45sqkm

b. Page 18/22 on timelines - a bit of test on patience
but this will be when we will be provided with clarity,

• Q1/23 - 2ndMRE updated based on 204km drill results
• Q2/23 - scoping study
• Q2/23 - 3rd MRE updated based on 250km drill results
• Q4/23 - PFS
• H1/24 - DFS
• H2/25 - construction ... and on the way

c. (ignores any factoring / updates on Guayabo)

So, we wait,
but anticipate cel price appreciation, when we get further feeds in 2023/2024

insider information?
feel the current tailwinds in the pog, ...
wish we knew the masters ... and their play