Ann: Notice of Annual General Meeting/Proxy Form, page-5

It’s pretty clear Chris has worked out that better go inferred than indicated.

His 7.5m shares for last year was based on indicated, a higher threshold to achieve at even 10m due to the infil drilling.

Saying that 40m tonnes is no small feat inferred.

CXO is currently at 30.6m total, thats after a 62% upgrade this month, so LRS need to add another 33% on top of this to get the first tranche of 3m each.

The aim of the game is to drill Colina like a Swiss cheese I reckon. Let’s hope the economics stack up in the PEA / DFS.

I was not keen on last years ones as i did not like the timing considering so many assays were outstanding and initial JORC was imminent.

These are more challenging and if we hit 40m T the SP will be far north of here, never mind 80m T.

Will these guys see it through to production? Or want to cash out in a TO? None are young, maybe easier and safer to build up resource and project dynamics and hope for a TO, and change of control kicks in for these