Ann: Investor Presentation, page-3

Short and sharp presentation

My takeaways
1. Management takes the safety and whole ESG seriously. This is important as this is what the bigger institutions will be looking for when the company gets into major profit production and market cap is above $100m.
2. They have continually been improving the site with capital projects. This is why the tungsten tonnage per month hasn't increased over the last quarter. The focus has been building capacity for the hard rock mining (main game).
3. The pit is nearly empty (10 days). The start of hard rock open pit will ramp up with 20k to 30k tons, first month, 40k tons 2nd month and 60k tons 3mth. The current capacity has been 30k tons per month. The difference will be the grade of ore, thereby punching out more tungsten.
4. Goldings mining contractors are arriving on site, in preparation to start.
5. Drilling results have shown up HIGH GRADE results. Tony said the deposit is still open in ALL DIRECTIONS. Open pit 5-7 years and Underground 10 years. The current BFS is for 4 years of open pit.
6. Underground findings is very close to the tunnel, so reasonably easy to access. They can open cut and underground at the same time (make sure in different areas).