"The Company intends to use the funds for ongoing exploration and to advance metallurgical testwork at the Mount Lindsay Tin-Tungsten Project and to undertake drilling and exploration programs at the Company’s Rare Earth Projects in Western Australia including the Vulcan, Kulin North and Kulin South REE targets and the Bandy and Brothers REE Projects as well as project generation and general working capital purposes."
I don't like that word "intends", this wording means they could possibly change direction to another flavor of the month, why not use the word "will" as this would hold the management accountable to ensure funds are spent exactly where they say they "will" be spent!
Anyway I will leave it there for the existing shareholders to decide their own fate.
Ann: $3M SPP to fund Tin-Boron Study and REE exploration in WA, page-6
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