Ann: Exploration Licences Acquired at Wonarah, page-13

Hi Barry81,

I'm pretty disappointed with that announcement actually. To be told in early November 2021 that the scoping study is being finalised and is due soon, to now being told Q2 2022, well that doesn't say soon to me - it could be approximately in 8 mths time from the Nov 2021 date! The market didn't like it either - bit of a dump going on. I think investors know the resource is there and is sizeable and that's why news about further exploration just isn't going to stir the market. IMO the only news that will get people buying is when AEV shows they are serious about starting mining and processing their Phosphate.

Also, I'm not happy with management dumping announcements late in the day, that's twice they've done it recently and it doesn't give the market enough notification or time to digest info.

On the bright side we still have news about the Polyhederous deal to look forward to early next year.