Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

Six finance and offtake groups are now working in the data room to update finance term sheets, with good progress being made

o Approached by three new finance groups who are keen to consider a financing term sheet and we are currently clearing Confidentiality Agreements and will provide additional access to the data room shortly

o Level of demand for participation has been very strong which increases our confidence we will again secure a competitive debt facility for 100% of the capex funding requirements for the project start up

Mabilo DSO operation, which requires low capital for start-up, will access the primary source of ore being the 0.104Mt of supergene chalcocite material at an average reserve grade of 20.7% Cu.

Cash and liquid assets as at 31 March 2024 were A$7.1 million (including a receivable of US$0.30 million from other consultants).