31 Aug WR1 Webinar, page-39

highlights from the webinar:

• 1 rig currently on site, 1 more arriving shortly, 5 total within a couple of weeks
• 4 rigs to be converted to ground-based / tracked rigs doing resource development around Jamar, 1 heli rig to drill new areas
• ground crews also active on Cancet and Tilley
• regarding research reports, CE thinks 30-50mt estimates were accurate at the time, based on publicly available info
• however CE made a point to emphasizes the potential of gravity targets extending from Jamar to the north (which may already have been drilled to some extent)
• snow road to TT highway will take "a few months" and be completed over coming winter (70km)
• all-weather road to TT highway will take "6-9 months" and be completed by EOY 2024
• once this is completed they may build second camp on-site at Adina
• 42m cash, burn rate 2.5 - 3m with 5 rigs
• Adina should be low strip-ratio
• CE projects 20,000m additional drilling by EOY (I think this is an intentionally low estimate, in case there are any delays)
• 100m x 100m current drill spacing, it depends on orebody but to achieve MRE tighter spacing likely necessary for some of main zone, as close as 50m x 50m
• CE predicts they will "properly" engage with a strategic partner post MRE, noting they are "not short of options"