Ann: Maiden Exploration Target at Muchea West Silica Sands Projec, page-24

I am talking about the proposed drilling program which the company has said they plan to conduct over the next two years, after which they do a resource estimate, Scoping Study, plan any further required drilling, DFS then apply for mining licences.

Referencing pages 11/12 of the 29/7/2021 announcement.

I assume, with the studies and further drill programs, CRB are much further than 2 years from mining. However, they have said they have a fully funded budget for the next two years, so I do not expect a CR in that time without good reason. If exploration plays out on budget and with expected results I think there will be good Share Price appreciation over that time.

I was just saying there is a two year plan which they have set out, therefore how they execute to that plan will determine investor confidence. Investor confidence drives share price which impacts future dilution. The magnitude of future dilution determines what percentage of the eventual mine investors buying in today will hold (for long term holders).

All IMO, please DYOR and GLTAH.