Ann: Citronen Base Metals Project Update, page-3

Going to have to find some money to fix the flags in the DD. Either by a JV partner, which doesn't sound very close, or CR. Raising at current price is not great.

The main work streams flagged in the risk tables as requiring further attention by Ironbark include:

1. Infill drilling in the Esrum Zone to upgrade resource tonnes from Inferred to Measured & Indicated.
2. Additional geotechnical drilling including in the proposed infrastructure zones
3. New flora, fauna, hydrology and hydrogeology survey data to be captured, with a baseline requirement of a minimum of two years (inclusive of existing data)
4. More recent stakeholder and social engagement consultation to be completed, this can be done year-round and does not require any work at the Project site itself