Ann: Exploration Update - South West Terrane, page-477

Also a good day here, similar to DEV in % increase. Gravity survey hopefully will create more interest. First tangible steps for our budget company, some roadside surveying and sampling, negotiations with some land owners for freer access hopefully all happening. Melbourne Geo team (why Eastern states?) hemmed in by COVID supposedly.

Very promising, in corridor CHN has marked out as prospective for PGEs and other metals, greenstone is gravity survey area. CHN, DEV and LTR all have adjoining tenements, ENX one of the largest holdings, has some nice mag-gravity feature. Cash is an issue to get exploring. A few options, rights issue so as not to dilute Albers, a farminee, upfront cash, and a very tight timeline to explore and drill on selected tenements, and sophs there must be a few brokers trying to get Albers to release more shares . IGO maybe be interested as a farmineee, has a history in this area dating back. MinRes etc... sure there would be more. Need about $2M, might be able to get a grant for some from the WA government. Prep work via Gravity, followup EM, outcrop sample... etc. So much promise, patience required, and good planning to get to that first drill to keep Albers from being diluted. I think he should be prepared to let some this baby go, for science and geology to takeover. Current strategy is wait on neighbors, maybe he is right?