Ann: Drilling Approvals Received & Field Work Recommenced, page-48

Probably makes good sense.

One thing is for certain that the MRE will be substantial, how substantial remains to be seen, however considering the statement below from East Coast Research, it is only going to continue to grow. The MRE will represent only 10-15% of the 80 Km of strike. This in combination of the geological understanding of this being a stratiform structure or coal seam like, means there is a higher degree of consistency and confidence in extrapolating a much larger resource.

A maiden JORC Resource Estimate is currently underway at the Dante Project,

with our analysis indicating a potential range from 60–200Mt at an average grade

of ~1.5% CuEq—representing just 10–15% of the broader 80km outcropping

strike. Based on this footprint, we estimate the project-wide resource potential at

425–981Mt @ 1.5% CuEq, containing 893–3,041kt of copper, 1.37–6.31Moz

of gold, 2.1–4.9Mt of V₂O₅, 60–204Mt of TiO₂, and 3.69–15.7Moz of PGMs, with

an in-situ value of US$60.5–139.8 billion.

Metallurgical test work confirms

Dante’s exceptional simplicity and potential, delivering three high-grade

concentrates with high recoveries:

o Copper - 28% Cu, 17g/t Au, 22.4g/t PGM (95.6% Cu Recovery)

o Vanadium - 1.81% V₂O₅ concentrate (90.5% V₂O₅ recovery)

o Titanium - 40% TiO₂ concentrate (65% TiO₂ recovery)