Ann: Drilling results point to major silver-indium discovery, page-16

The company quoted an Indium price of USD$230-260/kg in this announcement a month ago. I just checked and it appears this has increased to ~USD$279/kg. Silver is now holding firm above $28/oz and analysts talk of an imminent break through $30. Drilling to recommence in April, so must be close, and the plan is to infill and step out to provide additional info for an exploration target which will guide a resource drill out in H2 2024. Also testing some geophysics anomalies which could be very interesting. Pretty good execution, plan and outlook for a company that's not even a year old. The peer group is up strongly- IVR +30% MC$87m and SVL +15% MC$280m. ILT must get a boost during this next program with a resource potential in the middle of these two peers and at higher AgEq. Mkt still not seeing it.