Ann: Progress Update - McIntosh & WAH2 Hydrogen Projects, page-6

Looks like things are progressing well, the long awaited drill program on track. Lots of methodical work leading up to this one, testing some very exciting targets. Very minimal work conducted on Nickel/PGE for an area bookended by 2 major deposits.

Hydrogen strategy back on track after a debacle with Pedrika! Interesting comments about “discussions with potential strategic partners”, seems something exciting on the cards here, especially after the recent appointment. Graphite has proved difficult and expensive in the past, hand balling to a dedicated co. to advance the project free carried to decision to mine while retaining 20% seems like a good move to me, they moved the graphite team on so need a dedicated co. to progress it. Theres lots to do and focus on with what they have, you can’t have your eye on 3 balls trying to hit it them all at once, they all require different teams, also you’ll blow out your cap structure chasing different dreams raising lots of doh. Strategic move to have someone else spend all the money and retain an interest in the project. Also many forget how mature the ground is, we need to keep spending in the ground otherwise we have to relinquish chunks of the ground for NOTHING, thats how the cookie crumbles in the Kimberley, it’s expensive work up there. They’ll capatalise on this project on the backend if the project works out, if not it returns to HXG. Not a bad deal imho.

The company clearly has a hydrogen focus as per the last two appointments, it’s time to see what they can deliver with the “discussions with potential strategic partners”. Looking forward to this and the upcoming drill program.