Ann: Presentation - Noosa Mining & Exploration Conference, page-15

Hi all.

Agree absolutely the pace of development and drilling can be and has been a little frustrating at best.

Notwithstanding the Covid environment, the “more-so affordable” access to drilling/drilling labour in SA vis-a-vis Australia, I am comforted by knowing that whilst we are in a great cash position, less than great geological and financial stewardship by MN and team could quite easily see our drill budget disappear overnight.

Whilst it it always great to hear/hear of/see the drill spinning and assay results coming in, I have faith that STM management are doing their best to make every hole adds something to our bankable resource numbers/results.

Sure, we have more of a wait to come, however nobody said potentially developing massive low grade gold copper porphyry resources in SA would be anything other than what it is for a junior/minnow - and that is, a real grind.

I am happy to hold STM.

Best to all.

K