First Mining Company - AUT Partnership Update, page-5

The key points I take from the announcements are:

1. Fully Funded: "Auteco finished their quarter with A$4.8 million cash on hand and raised A$30.4 million via a share placement in July 2020. Auteco is now well funded to execute on the $10 million earn-in requirements to earn up to an 80% interest in PC Gold (and thereby, Pickle Crow)." <<< Fully funded to achieve 80% after spending U$10m (approx A$14M => A$16 remaining). Tick

2. Accelerated Earn-in: "In order to complete the remaining requirements of the stage 1 earn-in and thereby earn a 51% interest in PC Gold Inc. (“PC Gold”), the Company’s wholly-owned subsidiary that owns Pickle Crow, Auteco will need to incur a further $4.25 million [ U$5M total ] in expenditures relating to Pickle Crow within the next two years." <<< ie. by mid 2022. With the 24-person camp now already on site, it is likely that AUT will continue to explore and drill at a fast pace and are likely to achieve the full U$10M spend / 80% earn-in by 2H 2021 is my guess.

The AUT team appear to be on a fast pace mission - Ray wants to get in front and larger than BGL asap.

Good Luck to all holders.