Overall I think last week was a positive week of trading the...

Overall I think last week was a positive week of trading the chart looks set up well with interest returning to a some extent. The set-up looks very similar to that leading into the March run. The catalyst in that scenario was the announcement of the Study Results for the DSO Operation.

Hopefully we can continue our move in a northerly direction across the coming week/weeks. There a number of catalyst which will go a long way to achieving this.

- Results of feasibility of adding CCM and DBM to product mix
- Lodging of Notice of Intent to Mine (Hopefully before end of the month)
- A agreement with rail transport provider between Batchelor and the Darwin Port
- MOU/HOA for Toll treatment
- Offtake agreement reached
- A presale or funding agreement (Expected after NOI)
- Sale of Ukraine assets (Unlikely)

I still think NOIM is the crucial step as this will give a pathway from a regulatory perspective to operations. This will give potential customers an understanding of the time-span until ore will be available and assist in the negotiation of offtakes and potential pre-sale.

Goodluck for the coming week.

DYOR
Mcbr