Ann: Quarterly Activities and Cashflow Report - June 2022, page-9

Some notes.

Drilling services provided by an entity associated with a director A$ 175,000
Possible that they must be doing dd on a project because they aren't drilling in Scandinavia and the Indonesian project drilling is funded by parter?

Way Lingo: 60 day exclusivity period since 1st July. The Company intends to enter into a binding sale and purchase agreement prior to the conclusion of the exclusivity period. No certainty of deal.
Deal likely given quick low capex restart in inflationary environment. Based on oz in ground, with no consideration for infrastructure, minimum US$8/oz giving company AUD$2.5m-3.0m plus royalty. Infrastructure will give it higher valuation. I just don't have similar comps on hand.

Penikat: Focused on obtaining drilling permits for late 2023

Porsanger: The Company is targeting drilling to commence during the December 2022 quarter, however timing is dependent on weather conditions and the requirement to accommodate reindeer herding use of the area

Extreme patience required here because there won't be exciting newsflow.