Chairman to present at Noosa Mining Conference, page-107

Without digging too deeply...

1. LKE have a 32- month lease obligation, for anoffice space in Texas, with commencement date 15 September 2023.

2. Despite the recent sub-lease, Lake continues to have the obligation to make lease payments on the office space in Florida. The outstanding lease liability on the Florida propertyas at 31 December 2023 is $1,239,022 (30 June 2023: $1,406,222).

3. I'm guessing LKE have numerous corporate credit cards.

4. If you are an employee who is owed money for unpaid wages, superannuation, annual leave, sick leave, long service leave, retrenchment pay, or other benefits, you are an unsecured creditor of the company.

5. Any outstanding tenement leases.

6. Any outstanding Trade creditors (payroll services, consultants, computer/software licences, IT support, legals, marketing, advertising, auditors, share registry, investor relations, Insurances etc.)

In the event of VA (voluntary administration), or liquidation...these few examples become Creditors for any outstanding money.

IMO DYOR