Ann: New, high-priority exploration target identified at Lachlan, page-7

10m in cash means no worries for 2-3years in terms of CR and dilution.
Additionally it's decent enough funds to pick up good projects.

Finally goal kicking season is at the copper project. 5% grade are unreal. You have companies wetting themselves on 1%. Check out the nearology plays to CHN

"19m @ 8.4g/t Pd, 2.6% Ni, 1.0% Cu, 0.1% Co in 1st hole"

Acknowledging that the Pd and Ni is the economical component but there are literally companies hitting 1000ppm Cu which is .1% copper and these are getting driven to 25-75m market caps. we've got copper grade 50 times higher and are at 17m.

At this stage, we just need to prove up a larger resource, there's do doubt in my mind what we do have is economical now it just needs further tonnage to support a long term operation. If that deeper feeder system turns out to be reality this is genuinely huge.



SF2TH