Ann: Interim Financial Report Half Year as at 31 Deecember 2024, page-18

I know the company has given a 6 month difference in timing expected for Black Swan to be operational, but that new15 month timeline indicated in the half yearly accounts announcement is still unacceptable. We need a revised timeline for BS.

It is simply unacceptable for the centrepiece of the merger with POS to take anywhere near 21 months or 15 months to get ready and produce gold.

When the light bulb moment happened and POS became a target to get the Black Swan mill HRZ board members and or consultants would have or should have gone out to the mill and fairly accurately estimated the cost and timeline to get it up and running should a merger be attempted.

I like the gold production and the direction the company is going in but communication is very poor on that front, we still don't know how much actual cash the first pour gave us if it gave us anything at all.