Ann: AGM 2021 Presentation, page-5

Hi All,

A few points from the AGM audio discussion (summary attached):
Shallow Interval (above U1):
"Continuous and significant oil interval that was not expected"
Strong comment - inline with: Finance Investor Event - Interview with Andrew Purcell - 26/10/21 -" Have made a discovery"

Amistrad Objective:
"Serpentinite [zone] - high pressures below this in the Amistrad level"
The current high pressure zone(s) are associated with the Amistrad Objective.
"High pressure zone ~350m above where it was anticipated"
Correlates fairly well with the ~top of N Objective from schematic - thus, MAY were NOT expecting the Amistrad objective to be at these high pressures. This bodes very well for the Amistrad Objective with so far oil & gas shows reported and at higher pressures than were expected.

I've put together, as best as I can, a summary of what has been released / mentioned with regard to the Amistrad (U1) objective so far. This leads me to believe that we possibly (see schematic assumption) have ~180m of gross Amistrad objective with hydrocarbon shows under higher than were expected pressures at this point in time - if this holds, or anything close to it, a great result so far for this objective!

Cheers
VOGC