Ann: Supplementary Prospectus, page-2

Purpose of Offer
The “Notes” of Section 4.1 of the Prospectus is amended by inclusion and insertion
of the following additional “Notes”:
3. $220,000 short-term working capital facility provided by a company associated
with director, Mr Joshua Pitt, bearing no interest and with no fixed repayment
terms. The Company notes that the agreed short-term working capital facility
amount was $200,000 at 30 June 2023 but has since been increased to $220,000.
4. the Administration amount of $541,112 consists of the following items:
a. Current trade creditors including invoices for lab analysis from earlier drilling
programs;
b. Expenses of the offer as detailed in section 7.8 of the Prospectus;
c. Director salaries and superannuation as disclosed in the above ‘Note 2”;
d. Office rent and related costs;
e. Company secretary fees;
f. Audit and tax expenses; and
g. Share registry expenses.
3.5 Effect on Statement of Financial Pos