Ann: 2024 Diggers and Dealers Presentation, page-13

On the NE front there is a startling revelation and some real news.

“Currently exploring possible all options to unlock value for shareholders, including a separate listing.” I would have thought that exercise would have been undertaken well before they put NE up for sale, or a deal, over all these years. Perhaps, they meant to say yet again exploring …. No news of interested buyers, last mentioned more than a year ago.

It now looks like they will not wait until the annual report is released to reveal the updated resource estimate for publishing in Q2 FY25 (not24), presumably.

A lot of money has already been thrown at this project .Management’s credibility will be on the line yet again by “revisiting historical data to plan a targeted exploration program, including investigating gold endowment. ”It might prove worthwhile, what hopefully is not a too costly risk, given much stronger precious metal prices. Given the track record to date, it would be wise not to expect that much value to be unveiled.