Ann: Mining Licence for High-Grade Hard Rock Garnet - Acquisition, page-30

mmm lots of faith in the oppies. 350k placement + upto 350k retail entitlement in free attaching options plus 2m to themselves as lead managers (GTT).
PR1OAs have less than 9m to expiry and need to move 2.5x just be in the money. Could have easily justified a new series.

Following the incentives/money: I find it unlikely they'd offer free PR1OAs to an investor in a placement only to expire worthless in a few months, not to mention taking 2m themselves. Drilling in Q4 CY24 followed shortly after by resource estimate in in Q1 CY25 look like the preceding price catalysts.