Ann: Annual Report to shareholders, page-2

Chairman’s Letter
Dear Shareholders,
It is my pleasure to present to you the Annual Report for the year ended 30 June 2024. This year has been one of
substantial growth and transformation for Traka Resources Ltd, as we continue to advance our exploration portfolio
and strengthen the Company’s leadership.
Our exploration activities have made significant progress, particularly at the Gorge Creek Project, where we have
expanded our footprint to 470 square kilometres and broadened our focus to include not only base metals but also
rare earth elements (REE) and uranium. Supported by a grant from the Queensland Government, we are preparing
to resume our drilling program, targeting SEDEX-style base metal deposits and REE mineralization. The potential
for large-scale discoveries in this area is promising.
In addition, our Cranbrook Project, located in the Albany Fraser Orogen, holds considerable potential for
REE mineralization. Encouraging historical data and recent aeromagnetic analysis have identified multiple highpriority targets, and we are set to accelerate exploration efforts in the coming year. Similarly, at our Mt Cattlin
Project, we have identified promising gold, copper, and REE targets, and will continue to focus on these highgrade areas.
Our financial position remains strong following successful capital-raising initiatives, which have provided us with
the necessary resources to drive our exploration activities forward. The support from our shareholders and
partners during these initiatives has been invaluable, and I am confident that the investments made this year will
generate significant value as we move forward.
In terms of leadership, Traka has undergone important transitions. I am honoured to succeed Mr. Joshua Pitt as
Chairman, and I would like to express my gratitude for his years of dedicated service to the Company. We also
welcomed Mr. Josh Gordon and Mr. Jay Stephenson to our Board, and I am pleased to note the appointment of
Mr. Steve Lynn as CEO and would like to thank Mr Patrick Verbeek for his long standing service to the Company
as CEO. Together, our new leadership team brings a wealth of experience that will guide Traka as we
continue to grow.
As we look ahead, our focus will remain on disciplined exploration, targeting high-demand minerals that align with
global trends in clean energy and technology. This approach allows us to maximize value from our current
portfolio whilst also assessing new opportunities with substantial exploration potential.
I would like to thank our shareholders for their continued trust and support, as well as our employees and partners
for their commitment to the success of Traka. We are excited about the future and look forward to another
productive year ahead.
Yours sincerely,
Harvey Kaplan
Chairman
Traka Resources Ltd