Ann: Exploration Update - Exceptional Intercept, page-55

Sometimes it is what is not included that is just as important as what is included in an announcement.

Did you notice from the image on page 1 (see image below) there are no new holes drilled awaiting for assays or planned to be drilled at 4P and WW and neither was there in the 14 February announcement (but the 14 Feb announcement had assay results), In the past they have included planned holes at 4P and WW in addition to those at NN).

I assume that means the other two drill rigs are focused on Sly Fox.

Does that mean they are more excited about Sly Fox than 4P and WW?

Does it also imply that they have found additional interesting visuals in holes drilled since 14 February like the visuals they mentioned in the 14 February announcement and that we should expect some great assay results in due course? I certainly hope so.

In the 14 February announcement they had drilled 2 holes at Sly Fox and nearly 3 weeks later maybe they have drilled 4-5 additional drill holes which suggests they maybe onto something.

I also note SL commented about Sly Fox in today’s interview stating they are drilling at that deposit and that, this is the key statement, if they mine underground at NN then Sly Fox will be part of that as well ie underground mining (no mention of WW or 4P going underground). I believe that statement is a bit left field as they have not drilled Sly Fox recently until 2024 and the resource is really quite small.

Maybe I am being too optimistic but reading between the lines I sense they are into something significant at Sly Fox but have no idea how significant it may be. But then maybe I have gold coloured glasses on.

All speculation on my part and maybe I am totally wrong but I am eager to see assay results and what else they are finding at Sly Fox.