Fair value, page-67

Yes I see what you mean, they have some very interesting irons in the fire, including 7000m RC starting Q1/early Q2 at Balladonia, that 'drilling commencement' must be imminent, and thats on top of the Peruvian targets with Govt drilling approvals expected this coming quarter.

Cerro de Fierro (Pirata) Project (100% AQD):
Environmental, archaeological and community consultations were completed and submitted to Government as part of the
drill-permitting process to approve 20 drill pads (and access) at the Lantana Porphyry Copper Prospect.
Government approvals for drilling are expected to be received during Q2 CY2025.


Playa Kali Copper-Gold Project (100% AQD):
Mapping and sampling located further manto (Fe) outcrops with visible copper mineralisation, providing strong evidence for
widespread manto development in the Playa Kali area. Modelling of ground magnetic data was used to define priority targets
for drilling.
A drill program (20 drill pads) to test magnetic targets was designed and environmental, archaeological and community
consultations completed, with reports submitted to Government.
Government approvals for drilling are expected during Q2 CY2025.


Balladonia Base Metal Project (100% AQD, subject to SAA):

Ground electromagnetic (EM) surveys were completed over eight priority VTEM anomalies, upgrading them to drill status.
An RC drilling program (~7,000m) has been designed to test the magnetic / gravity targets along the Tea Tree Trend as well as
strong EM conductors located within the adjoining stratigraphy for their base and precious metal potential.
Native Title heritage surveys have been completed, and drilling operations are expected to commence in Q1/early Q2 CY2025,
subject to drill rig availability and local weather conditions.
The Company continues to be encouraged by the results at Balladonia,

One thing at a time obviously but imagine if more than one of these came off, it'd be quite some company.