Ann: December 2023 Quarterly Report, page-4

This company has a great footing and looks to be sitting on quite a large resource if they actually increase drilling along strike and deeper underground. Unfortunately management seem to be working at a snails pace. We are lucky to get one exploration update per quarter and one quarterly report to repeat this news. We only ever see green days with news so imagine if we actually had solid, consistent newsflow!? We would be multiples of what we are. Looks like there are RC drilling as well as deeper drilling planned to extend underground mine potential. However these seem to be dependent on the latest geophysical survey interpretation. Hopefully not long away so they can sink some drill holes into the ground asap. Since assays take 4-6 weeks minimum, time is a factor for this company and what is holding it back. They should have drill programs planned every couple of months to minimise the wait times between results. Either that or a major drill program at once over a 2-3 month period. Maybe current management aren’t motivated enough to work overtime and ensure more efficient exploration takes place?! At least there is no risk of a capital raise in the next 6-9 months. Almost $5M in the kitty so that’s another positive.