Ann: Quarterly Activities and Cash Flow Report, page-6

well, well. key take-aways for me:

- it appears they found non-mineralized pegmatites in their maiden drilling campaign at GB (and they still try to understand what that means, geologically) - BUT they still proceed there, with new activities in the other GB areas (e.g., the Kirup project).

- regarding finance, they say explicitly that they haven't started formal financing discussions with any party, and they also say explicitly it COULD be dilutive for SHs. JP always said they wait for permits to start financing discussion, since this gives us a much better position for negotiations. they also say that they are confident they can get this over the line: "Galan is of the opinion that there is a reasonable basis to believe that requisite future funding for Phase 1 of the HMW Project DFS will be available when required".

- 80% of top-soil clearing for main Pond 1 is completed, and further approved early works continue at site and camp. Phase 1 full construction permit and Phase 2 DFS are advancing and are expected to be achieved in Q3 2023.