Ann: Option to Acquire Pippingarra Lithium Project, Pilbara WA, page-15

Option and Acquisition Terms

• NWQ grants IND a two-year option to acquire 80% of the non-construction material mineral rights, including Lithium and HPQ;

• NWQ retains 100% rights to construction material minerals allowing for ongoing operation of Pippingarra Quarry;

• IND to pay NWQ $50,000 in cash on execution of the option agreement;

• IND must spend a minimum of $100,000 pa on exploration during the two-year option period;

• On exercise of the option, IND will issue $100,000 in fully paid ordinary shares to NWQ;

• NWQ’s 20% interest in non-construction material minerals will be contributing post exercise

  of the option and incorporation of the joint venture;

• IND will be the joint venture manager;

• IND has a right of refusal to acquire both NWQ’s interest in the joint venture and the

  underlying tenements should NWQ wish to dispose of their interest in either of those assets.

that's it ???? it is already a fkn mine with drill of 3% what is happening here . anyone with a MC update fully diluted and cash on hand