Ann: Nifty Copper Project Restart Financing Update, page-50

Baz has screwed shareholders. He has lost all credibility from me.

I still believe the project is great and they can operate it well.

What has been a failure so far is leading shareholders to believe this project could be financed by Christmas 2021 and around the corner ever since.

Some leniency for poor market conditions in terms of interest rates but im reality the copper price was over 4$ for the majority if time since then.

Key ways he failed

- financing drill programs for other projects with results that not once lifted the shareprice.

- spending money upgrading accommodation camp and site

- huge staff expenses for a ton of staff with no security that they would receive finance any time soon.

- was unaware of JORC rules in terms of the type of resource around the copper in existing heap leach pads.

- did the bare minimum in terms of mine life for what he thought would be expectable to receive finance on. Truth is that is the real kicker no matter how clearly you point out what the LOM could potentially be. Means nothing with no economics around it and no sulphide mettalurgy.

- He needed to do more to sure up this project. Instead he treated it and shareholders with utter arrogance.