Ann: 2020 Annual Report to shareholders, page-2

My two points (cents):

1. LIKELY DEVELOPMENTS AND EXPECTED RESULTSThe consolidated entity’s primary focus is on the completion of a pre-feasibility study on the Company’s Specialty Metals projectlocated on the Speewah Dome and exploration of the Company’s gold project at Treasure Creek and Mt Remarkable.
2. On 14 August 2019 the Company issued 5,000,000 options to Andrew Chapman with an exercise price of 6 cents per share and anexpiry date of 14 August 2022. The options will be subject to exercise restrictions and will vest upon defining a minimum Inferredresource (at either the Tennant Creek Project or the Mt Remarkable Region) of no less than 250,000 ounces of Au at an average gradeof no less than 6 grams per tonne. The fair value per option at grant date is $0.0068 and if vesting conditions are met the futureexpense to be recognised is $33,872.