Ann: Rocklands Copper Project Update, page-4

From the update:

"Figure 2: Oversize native copper metal concentrate ~95% Cu loaded into containers at Rocklands prior to shipment to Townsville." p1

"Native copper being prepared for export to Chinese smelters in May" p2

"Figure 3: The native copper scalping programme is generating an extremely high-grade native copper metal product (~95% copper)
for interim sales and early cash-flow. This shipment is due for export in May to Chinese smelters." p2

"Copper casting plant to produce 400kg billets The Company has purchased a copper metal casting plant that will initially produce 400kg billets of solid copper from native copper metal. The long-term aim is to facilitate production of copper anodes from native copper metal, for direct sale to the copper refineries. "p2

"There has been a keen interest shown by both local and overseas potential buyers for the copper billet product." p2

"Figure 4: The native copper scalping programme is generating an extremely high-grade native copper metal product (~95% copper) for interim sales and early cash-flow" p3

"Crushing of native copper ore to produce a clean, extremely high-grade coarse native copper product, is an interim measure to generate early cash-flow prior to the commissioning of the Process Plant." p3

Early exports to generate cash flow prior to commissioning of the plant. Native copper being loaded into containers for imminent shipment to Chinese smelters. Keen interest shown by both local and overseas potential buyers. In other words, all the same info we have been given for the past two years while shares keep getting issued to suppliers and strategic investors infinitum.

Note that absence of any mention of progress of the processing plant.