Ann: Opuwo Cobalt West Zone Continues to Develop, page-45

Imo this is a game changing development for this project.

The Western area from surface has around 30% of the size of 112 mt JORC area.

Let's further assume the Western surface stuff has around 25% of JORC depth.

From a belly estimation the mineralisation veins are twice as big as JORC veins.

--> 112 mt * 30% * 25% * 2 = 17 mt possible surface mineralisation with higher grades in the Western Zone.

Open pit, low strip ratio, higher grades. And it seems like that we have enoughmineralisation in the West for a cash-cow starting operation with some years lifetime.For sure enough Cash Flow to self-finance the high capex for the underground operation.

But we shouldn't expect this included in coming SS. Most SS i'm aware haven't even includedinferred JORC resources.

And i doubt that our responsible consultants will agree to a snapshot.