MAN Facts

Just so we have factual information it will become imho very clear which / why is the better opportunity. ASN's acqusition happened after the Julimar discovery:
1. After CHN had "expanded its regional licence holding significantly with greater than 2300km of new licence applications and also evaluating potential regional targets on existing grated tenure - yes they would have looked at "The Bull".

2. DEV then got to peg a lot of ground another TG owned company
3. Then Liontown resources - TG owned - pegged anything else that looked good
4.Then CHN entered into a JV north of Julimar for the Boomer Hill area.
5. The magnetics are a little different........... - see pics below

CHN, DEV, LTR more than likely evaluated this area was not worth procuring as they would have been able to stump up the cash if needed...they have plenty ASN do not. This is now the 56km that ASN have.

The overall point is ASN pegged an area that by the looks of no one wanted well after all the big boys had their fill and MAN were just lucky to be looking in this area and doing their EL application before the Julimar discovery. This is a massive difference but hey no one likes the facts if they don't sit with what you want to believe.

ASN - reasonably diluted (600+ million shares), just raised 600k for Brine project, 500k in the bank - they will need more money for exploration...more shares coming.They have what looks like a good asset in Paradox Brine Project which has Preliminary Economic Assessment underway.

MAN , - not diluted ( 240 million shares), 3.5 million cash, had a choice of areas,

ASN had to take the only area it could probably get.


KL