Ann: Notice of Annual General Meeting/Proxy Form, page-3

The Company may issue Equity Securities under the 10% Placement Capacity for the following purposes:

(i) to raise funds, in which case the Company intends to use funds raised for:

(A) the acquisition of new resources, assets and investments (including expenses associated with such an acquisition); and

(B) continued exploration expenditure on the Company’s current assets, and general working capital; or

(ii) as non-cash consideration for the acquisition of new resource assets and investments, in which case the Company will provide a valuation of the noncash consideration as required by listing Rule 7.1A.3.

The Company will comply with the disclosure obligations under Listing Rules 7.1A(4) and 3.10.5A upon issue of any Equity Securities.

*My bold and underlining.