Ann: $4.5M raised to accelerate drilling at Mt Carlton, page-20

I'm sorry to see long-term holders leaving, but I can understand the disappointment at the fall in the SP. However, there are many worse results in the gold sector, and I'm happy to stay with NML and take part in the SPP.

I believe that Mt. Carlton will help to fund the exploration and development of the Victorian assets, which I believe don't have just good potential - I believe they have great potential. In fact I think that within 2 - 3 years NML along with CYL and SBM will have proven up some of Victoria's largest deposits similar to the historical Bendigo/Ballarat fields. I spent quite a lot of time in the Ballarat area, but now live in sunny Queensland, so I'm trying to keep informed of what is going on in the gold scene both in Vic and Nth. Qld.

With the current uncertainty and confusion in the world about where inflation, interest rates, fiat currencies, crypto and gold are heading, my very strong gut feeling is to back gold.