Big CR coming.....!, page-18

$27m at 0.14c 2:3 options at 21c - Major shareholders Richard Chadwick, Chris Ellis and Dale Elphinstone have provided total commitments of A$18 million. In addition, D.A.CH.S has provided commitments to subscribe for up to approximately A$2.9 million of New Shares as part of the Placement Financing. $5m is offered to shareholders in another SPP.

Proceeds will be used to:• Strengthen the Company’s balance sheet and provide working capital to enable the Company to progress initial ramp-up phase of the project and finalise additional funding solutions as required;• Provide working capital to advance renewable energy initiatives, to secure clean, green energy to meet Dolphin’s power needs;• Funding for technical feasibility study for downstream processing of Dolphin tungsten concentrate; and• Funding to progress advanced exploration initiatives – e.g., Bold Head and Investigator both of which are located proximate to the Dolphin Project