Well said BJH1000. That raises further questions about...

Well said BJH1000. That raises further questions about compliance

We understand that a range of licenses and approvals are required, including:
a. DMIRS - for the actual exploration tenement
b. DBCA - at least one of the key projects Antwalker project is located in a state forest
c. DWER - at least one their projects Antwalker is located in a water catchment area
plus maybe some others that we are not aware of

A raft of documents from Allup has been released in recent days, pertaining to their float yesterday (May 2). One of their documents: ‘Statements of Confirmation’ dated April 28 hasthe following paragraph at the bottom of page 2:

Tenement Access
The Company confirms thatthere are no legal, regulatory, statutory or contractual impediments to theCompany entering the Tenements (E70/5455, E70/5920, E80/5652, E63/2138) andcarrying out exploration activities such that the Company will be able to spendits cash in accordance with its commitments for the purposes of Listing Rule1.3.2(b).

Following the announcement today at 3.14 AEST (see what happened in the course of sales after that), the statement has been changed to

The Company confirms that there are no legal, regulatory, statutory or contractual impediments to the
Company entering the granted Tenements and carrying out exploration activities such that the Company
will be able to spend its cash in accordance with its commitments for the purposes of Listing Rule 1.3.2(b).
The Company will continue to progress the tenement applications (E70/5455, E80/5652, E80/5629,
E63/2138) to grant at which time, post grant, the exploration programs detailed in the Prospectus will be
implemented.

Its an important clarification, as Allup will only be able to carry out exploration activities once all the approvals are in place, and this could be a challenge.