Ann: December 2023 Quarterly Report and Appendix 5B, page-4

Before the VBS takeover bid, AZI looked very promising. We got very regular updates and GH was always doing interviews to promote. Since then it’s been almost radio silence.

Gorno is still a big opportunity imo but we have practically given it away. Lithium is an opportunity but the timelines are some way off imo. I thought we were headed for a SP in the teens when VBS made their move. Sort of regret not taking the 9.5c on offer back then which is probably what VBS is keen on should they make another move.