Ann: Encouraging Hyperspectral Mapping Results at Ceiling Lithium, page-27

No, they don't. According to their March 2023 quarterly report, they had $2.6 million cash on hand. I suspect they'll use it judiciously, possibly focusing on ground surveys to identify promising rock chip samples. Their goal might be to generate market excitement and aim for a share price of around 35-40c. Once they achieve that, they could announce a capital raising. This prediction seems fairly logical. They'll need the cash to expedite exploration and, ideally, for a winter drilling campaign. As long as they show significant progress, I believe the current shareholders won't hold this decision against them. Having DG on the register and actively exploring is a critical asset. Jody expressed a subtle yet noticeable level of excitement about the potential of the Ceiling lithium project.