WR1 General Discussion, page-13642

A note regarding the next set of assays -- what can we expect?

The situation:

• 14 holes with visuals (10 May announcement)
• 823.5m total "spodumene observed" lengths
• previously, visuals have been ~accurate predicting length of mineralisation about 60% of the time
• average grade for 15 sections to date >30m = 1.21%

My guess:

• 823.5 * 60% * 1.21 grade = 597.9, discounted by 10% = 538.1 GxT
• 823.5 * 40% * 1.21 grade = 398.6, discounted by 80% = 79.7 GxT
• total GxT = 617.8
• predicted avg GxT per hole = 44.1

Previously:

• 23 holes drilled in 2022 had avg GxT of 46.7
• 17 holes drilled in 2023 had avg GxT of 48.6
• note overlap with next assays as there is a half-reported hole, AD-23-040

So I think this next set of assays (due very shortly) will continue the consistent and excellent results at Adina.

All just imo.