Ann: Corporate Presentation - 121 EMEA Conference - May 2021, page-13

Good pickup about DD rig at Rimfire. Might explain the apparent lack of visuals on Sentinel satellite imagery at Calibre until late April early May. They did mention a rig at Calibre in April but perhaps diverted to Rimfire - hopefully for exciting positive reasons.

This is the nature of exploration where multiple targets are involved and management allow a degree of flexibility to the program. Not always an easy balance to maintain especially when good results can redirect the focus.

For Citadel, Calibre overshadowed Magnum. Too much focus on Rimfire or Boxer or ?? (please... in some respects if results are spectacular enough to kick the SP along) takes the rigs away from drilling out Calibre which may be the highest priority work for the JV at the moment. Any new discovery at Citadel (even Magnum) would entail 2+ years of work to bring it close to development where as Calibre would require less time if it gets over the line...good chance IMO.