Ann: Quantum US$ bank account opened, page-30

- $45mil.cash on hand in 2 weeks.
- 3mil oz resource
- 4.9mil - 9.3mil Exploration Target.
- Management said they target 5mil oz in the next upgraded MRE.
- Drilling is being ramped up to 3 drill rigs as we speak.
- Pilot plant equipments contract with Yantai Manufacturing Co = USD 1.2mil = AUD $1.8mil signed.
- 1st shipment of pilot plant equipments has arrived on site in 11 containers.
- 2nd and final shipment of pilot plant equipments are ready for shipment as we speak. Should arrive on site in the next few weeks.
- Land access for pilot plant and tailing dam has been leased. Signed and sealed.
- Pilot plant construction is ready to go with engineers from Yantai Manufacturing.
- 100k oz in historical tailings area worth approximately AUD $350mil at current gold price and approximately $450mil-$500mil in 2026 as early revenue before main mining of 3mil oz begins.

- New executive director Kenny Lee chose to take 7mil options at excercise price of 45c. What does he expect sp to be? Must be multiples of 45c. Why didn't he negotiate to take 2mil-3mil performance shares instead?

- USD $300mil = AUD $450mil pre-payment deal GPA has been signed with Quantum Metal. If fully paid in the next 2 years, this deal represents AUD $9bil off-take deal.

- 372580oz gold purchase contract worth AUD $1.3bil at current gold price has been signed and paid (inclusive of USD $9.8mil to be paid in the next 2 weeks).

- No dilution. No CR.

- The off-taker is also the biggest shareholder of Bez at 30% shareholding. This is the single biggest factor telling us QUANTUM METAL is committed to the off-take deal. Talking about skin in the game.

- DFS contract to be tendered in July and is fully funded.

- 2-3 years ahead of many other gold explorers at MCs of $300mil-$500mil.


This BEZ is bound to smash those MCs in the months ahead.