Ann: Presentation to AGM, page-2

Gold price is at record high (around US$2050/oz at the moment) and looks like will be even higher in the long run or in the coming days (rate cut) by the looks. Whilst Norwest's management seems haven't mentioned/stressed (makes one feel that they almost forgot) its existing Bulgera gold resource for a very long time strangely against the backdrop of a climbing gold price. The Bulgera gold deposit has a MRE of 5.1Mt @ 1.2g/t gold for 200,130 ounces (0.6g/t lower Au cut-off):





Release Date: 16/03/22: Bulgera Project resource update


Gold resource alone is worth much more than NWM's current Mcap. Really didn't feel the proactivity from the management these days hence also lack of momentum or further updates/follow-ups from several of its potential projects (including REE/Li at Arunda West, Copper project at Bali, and Bulgera Gold project with initial JORC if leaving Nickel project aside for the time being due to Ni price at the moment).. very frustrating tbh..