Ann: **anintha PFS and Drilling Update, page-9

The outline:

Highlights:
• Pre-Feasibility Study (PFS) baseline model near completion – pending major supplier cost inputs.
• Geotechnical and Resource Development drilling to commence in August.
• Drilling program to resolve key parameters required for successful and safe long term open pit design.
• Program to incorporate:
➢ Geotechnical data to optimise pit slope angles.
➢ Advanced downhole telemetry to resolve structural domains at depth.
➢ Increasing resolution of oxide, transitional and fresh mineralisation boundaries, and
➢ Hydrological testing of new and existing holes.
• Drilling to target a conversion of Inferred to Indicated resources.
• Drilling to increase the understanding of the cobalt and base metal resource.
• Program to focus on development area in northern 2km of total 11.5km of AVL held deposit strike

Here's hoping our major supplier cost inputs are more imminent than past "imminent" time frames.

Then again - this is AVL to a tee: more focussed on getting it right the first time, than rushing out a result. Back to work for me.....