Ann: High Grade PGM Intercepts Continue, page-43

2021 annual report, September 2021 influenced my thinking about timing and cost

“The first stage of work by Core has been to undertake a review and gap analysis of all the testwork completed to date which has resulted in the identification of a number of flowsheet options for analysis.

As a result of the review, testwork by Core will initially focus on pre-treatments and flotation concentration for each of the Parks Reef mineral domains as an initial flowsheet stage to produce an optimised leach feed and / or a saleable concentrate.

The preferred development route for the Parks Reef Project is for production of a high-purity product(s) that may be marketable directly to metal refiners, however the initial production of a platinum group metal (PGM) and / or base metal concentrate could allow for a staged development of the project.”