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Ann: Placement to Raise A$32m, page-12

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    Akakyle,

    Although not far off the Dalton Highway, they do still require an ice pad and a short ice/snow road to service.

    For some comparison, Icweine#1 was drilled during the 2015/16 season from a gravel was on budget at US$16.1 mill. I expect there have been some inflationary pressures on prices since.

    The Hickory well is targeting a marginally deeper TD(from memory).

    The quarterly is due by the end of month, this should provide a clearer picture of the financials, noting that an update can drop at anytime.

    Just my thoughts.

    Cheers.
 
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