Ann: AGM - Managing Director's Presentation, page-2

Much prefer physical rather than virtual meetings. I found the meeting well run as per usual for ALK. It is interesting to see that the drive between Tomingley and Roswell is under way but the progress is slower than I expected. Still seems to be only about a third done to date and not due to reach the first ventilation shaft location for 2 to 3 months (see page 14). Guess that it is more important to reach the underground areas under Caloma so that the stopes can be accessed and ore recovered.

The slides show how much work has been up to date for this.



The planned drilling at Boda is highlighted on page 17 of the presentation by the blue stars and dots, so we know where they intend to drill. Looks like lots of diamond holes at Boda and Boda 2 and RC between Kaiser/Duke and Boda.




Nick made it clear that ALK will support the motions for Genesis at their AGM on Friday. I think that the M&A is not longer in scope as he indicated that they will be diluted so I am expecting that they are now looking for further capital growth.

Looking forward to the next lot of drill results from both Tomingley and Boda and news the EIS has been lodged. They are still waiting on the approval of the Gateway Certificate.

It is the second time I have heard NE mention that the shareholders will be surprised when a estimate of the resource is realized next year, so they are thinking the market has not factored in the drilling results that they believe exist.