Ann: Investor Presentation, page-11

Amigos, it is a difficult period between discovery and development - it is the orphan period. We know that ARR's shareprice reached 55 cents when the news of Halleck Creek was announced, since then it has declined to 14 cents. Other junior resource/development companies have repeated the pattern. For example, Pilbara Minerals (PLS) a lithium explorer/developer, did the same before its shareprice and market cap grew to today's levels. Liontown (LTR) was similar, and Azure (AZS) is possibly at the end of the discovery stage of the process. We don't know what trigger will cause ARR's shareprice to climb, so shareholders need to be patient and hold tight, IMO. These companies come along from time to time, but individually we might only get a good holding in one of them at a rate of about once per decade, if we are lucky. So, IMO, make the most of opportunity.