Ann: Drilling Underway at Kangaroo Hills Lithium Project, page-28

Amigo, I agree with your comments about the low valuation, I don't see a problem. As for the cash reserves, I think the sale of an asset is going to provide funds in staged future payments. So it might depend on how those funds are counted by accountants. An announcement said there is enough reserve to fund all planned exploration activities (from memory). The quarterly report may give an update. (PS: I used to hold Auroch for years, when it was searching for base metals in and around Kangaroos Island in SA. Sold out on frustrating news of poor, deep drilling intercepts. Now I am back, after reading about the re-branded company finding good shallow lithium-intercepts in WA and USA. Had to sell a couple of lithium-hopefuls at a loss to buy here. Just another cycle on the merry-go-round that we call the ASX. Good luck all.)