Ann: Investor Presentation, page-6

Understand the history of preso into CRs. $17m in the bank and should be a further $20m in March 21 should the oppies stay in the money (20c strike).

Key here is resource conversion at Isolation South. ASX rules limit the inclusion of inferred resources into the scoping study financials. They add a further 100mt of ROM (+10 years mine life) into the indicated category and the NPV should increase 50%+ IMO (isolation south most economic). Recent drill results say this should be no problem.

Also worth watching Grassy Mountain permitting - scheduled for public hearing October 27 (https://iaac-aeic.gc.ca/050/evaluations/proj/80101). Should this project be successfully permitted it bodes very well for Atrum.