Ann: Farm-In and Joint Venture Agreement at Bresnahan, page-12

From my question on the investor hub how many others working at this time
Kevin44
You
12:03PM 24/12/2024
Hi Dean and team
All the best for Xmas and new year
Thanks for working so long in the year and arranging this deal
I assume the benefit to us is reducing costs and maintaining interest is this correct Also are there still other deals being looked at
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Dreadnought Resources
ASXRE
12:37PM 24/12/2024
Hello Kevin44,
Thank you for the wishes and the same to you. Two are down and several more to go which we will hopefully be able to finalise over the next month or two.
The benefit of this one is as you say:
1. Reduce holding costs
2. Maintain exposure
3. Third party funding the exploration
All of which is in line with our strategy to focus on becoming a self funded explorer by getting SoM into production and focusing exploration efforts at Mangaroon.
An added benefit of this deal is the partnership with a global mining company such as Teck, a relationship that we hope to build upon going forward.
And yes, we still have 3 or 4 more deals that we are looking to close out in the new year.