Ann: Daydream-2 Operations Update, page-229

we're nowhere near a sell off of any asset....we could reasonably expect a JV as next logical step for Grandis following assumed positive 5mm-ish test flow rates and an update on contingent resource with perhaps a move to banking some reserves.

Some dilution at a Grandis asset level with a partner that funds DD3 (and maybe sweetens the deal throwing in some cash to enable us to avoid further CR's) to further reserves classification and to facilitate shoring up data to facilitate design of a potential 500 well works program is what potentially could happen as a precursory event before any asset sale or liquidity type events manifest.

In parallel- towards year end, as eluded to by NY in the Annual Report- perhaps a JV with a Mongolian/Chinese entity for Nomgon.

No sales yet- we need to maximise asset value as much as possible whilst we still have 100% asset ownership- whilst juggling the reality of having very little cash to do so.