Possibly for drilling Midrim - Canadian FTM allows to raise at...

Possibly for drilling Midrim - Canadian FTM allows to raise at premium, all money into ground non for Admin, Allows investors to gain tax credits as it utilises charities, typically done through a broker as more involved than a standard raise. Was on MZZ when they did this and raised at 42% premium.

Noticed they said HEM is complete, more than likely reviewing now, hence this presentation, I think they have located promising drill targets, had 10 suggested already, so hopefully pinpointed exactly where the most prospective ones are.

Also notice the inclusion of DFS on timeline - which I thought strange as that was to be avoided, otherwise we would have just utilised the german funds, so guessing the debt financiers want one complete, but also there will be updated RE from drilling and mine plan altered to fill 2024 gap, met results on 8t sample could improve economics further.

Likely if Debt comes through will include enough to cover WC until cashflow