Ann: $2.5m Option Funding Agreement to Advance Projects in Brazil, page-10

This is a sensible way to raise some cash for immediate use and the provision for further options to the investor at 0.05 until 2026 is a fairly low impact dilution. Sure, more funding will be needed down the track, but with such posititve initial visuals from Brazil and scope to defer any general CR until we can demonstrate a sound resource base, this should put us in a good position for favourable funding options in the future. Having picked up some bargain-priced oppies, I am likely to help with the loan repayment