Ann: Acquisition of Ninghan Gold Project, Paynes Find, WA, page-3

Yes, very happy to see they are still gold focused. It sounds like they will be jointly going for battery tech and precious metals. Some of our gold projects are clearly much closer to production so it will be interesting to see what they prioritise. The key is getting cashflow to fund all activities and avoid any more low capital raises we have seen in the past. Imo we should expect some more JVs or similar deals like we saw with Rio Tinto at our Rover tenure. With so many prosperous tenures now under our name, we will need a lot of help to fund all these activities. Current funds will only get 1 or 2 drill programs done imo. To keep all the tenures we are going to need to spend on them per government guidelines.