Ann: Placement and Fully Underwritten Entitlement Offer, page-16

From reading the latest information, including this offering and the presentation this placement and entitlement offer would give the company a cash balance of around $2.2m and with their recent cash burn of $800k per quarter should suffice to see us out to the end of this financial year.

Currently KPO has unlisted options, of which at the current share price about $1.2m worth are in the money and expiring in approximately 12 months. All the current options (all unlisted) are as follows:

Options expiring 26/11/2024 ex $0.044: 18,662,500

Options expiring 25/2/2025 ex $0.05: 5,000,000

Options expiring 4/5/2025 ex $0.05: 4,000,000

Options expiring 19/9/2025 ex $0.01: 37,800,000

Options expiring 12/11/2025 ex $0.01: 85,000,000

With just under 127m new options exercisable at $0.02 expiring on 3/5/2026 expected to be issued under the current capital raising, ie an additional $2.5m if all exercised.

I am not factoring in any ramp up of spending for the Alberta projects as that presumably would be funded by KDP through cash injections from Crusoe or elsewhere, potentially KPO's cash burn might actually reduce as some of that $800k per quarter has included KDP work however I'd expect that KPO would have more costs as well through this process.

This raising plus options should keep us chugging along nicely for at least a couple of years, although might get a bit tight at times due to timing of options expiring.