Ann: Drilling Grant To Test Isa North Cu-Au Target, page-4

Excellent! Here’s my list of things that need to happen this year, for us to build up our cash holding and get out of this share price rut. If they all occur we should be in a good position. I’d be happy if even three of the four were to eventuate.

1. Qld Govt. funding for Isa North - Check!
2. Evolution exercise their option at Cowal for $1M - Sept. 2025.
3. Our dormant heavy mineral sands project currently on the market sells for >$1M. Could be valued at far more.
4. Ionic floats this year and we can exercise our shareholding. Dr suggested further information to be provided within the next six months.

Please add anything I may have forgotten.

Over and out, Olives.