Ann: Preliminary heritage reports indicate clearance of key areas, page-133

All this chatter about AZS, comparisons with AZS. I'm a huge supporter of RDN's potential but I think we need to inject some facts into the conversation.
This presentation by AZS to accompany it's capital raise in August 2023 is quite revealing: https://wcsecure.weblink.com.au/pdf/AZS/02699621.pdf

1. At the time of the capital raise, AZS already had a market cap of $1.07 billion. The offer was priced at $2.40 per share.
2. At this time, AZS stated "Andover is a globally significant discovery with an Exploration Target of 100-240Mt @ 1.0-1.5% Li2O (Note: The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource)".
3. It already had SQM and Mark Creasy on its books
4. Placement proceeds were to be used primarily to fund exploration drilling at Andover as the company advanced towards announcing a maiden lithium Mineral Resource targeted in Q1 2024.
5. In Sep 2023, AZS announced its initial drilling results. Followed up with more drill results on Sept and then on 10 October 2023. AZS was priced at $2.10 per share.
6. On 26 October 2023, AZS announced deal with SQM at price of $3.52 per share. A 67% premium to last traded share price.

So, what am I saying here. When comparing with AZS recall that the SP are coming off completely different bases. It is non-sensical to even try SP comparisons for the wanting.

For us to see any real momentum in the RDN SP, we probably need to see the drilling results. From there, Dusko really needs to secure some real interest from a large player that can fund further exploration, and most importantly extraction. Othwerwise, there is a very real prospect (IMO) that Dusko will have to come to the market with cap in hand for a raising that could be dilutive to all and not positive for the SP in the short term.

So, all I'm saying is we need to keep the conversations real and focussed on the next steps to realise value here.