Ann: Boda Resource Presentation, Videos & Webinar, page-4

questions from Ord Minnett who have research out on ALK - He is obviously surprised by the size of the resource. Looking at a starter open pit to chase high grade breccia at surface to maximise cash flow in short term - Ian mentioned 1-2g/t going to surface. Ian stated mineralisation is very simple (OM stated remarkably simple)

Ian clearly stated most mining will come from from cave method.

Not moving to indicated in short term. Still drilling for knowledge. Focus much more on extensions etc so they can decide how best to mine it.

Petra capital - min to get regulatory approvals - 5 years with no major pushback. 10-12 years to develop is realistic.

missed next speaker but a corporate analyst - big potential - how long will drilling take before deciding to start development process - budgeted to have rigs for next few years. Want to work out size and scale of what they have first then do more drilling - reckons their cutoff grade is on high side (based on other mines). Nics reply suggest they went high deliberately and may going lower in future. Ian stated they erred on being more conservative re grade cutoff. Analyst stated from his research there is scope to use lower cutoff grade

private investor - is Kaiser potentially an open pit - yes Ian stated.