Ann: Quarterly Activities and Cash Flow Report, page-2

HIGHLIGHTS

Paris Silver Project

• Updated Mineral Resource estimate of 18.8Mt @ 88g/t silver and 0.52% lead for 53.1Mozs

  silver and 97.6kt lead at a cut-off of 30g/t silver.

• 73% of the estimated resource in Indicated Resource classification.

– 12.7Mt @ 95g/t silver and 0.6% lead.

• Lower cut-off grade of 30g/t silver reflects high prevailing silver commodity price.

• Metallurgical test work has improved silver recoveries from main mineralisation domain within

  the Paris Silver Deposit.

• Weighted average silver recovery of 78% across the Resource, represents 4% higher recovery

  over 2018 testwork.

• PFS on-track for delivery in September.

  Paris Regional Exploration

• Encouraging silver drill intersections at Argos, Ares, Helen East and Paris Dyke targets.

• Follow up drilling of regional targets and Paris extensions commenced in early July.

  Other

• DGO to follow initial success with a further 90 holes on Investigator’s Stuart Shelf tenements.

• Two Fowler Domain tenements granted, covering 1,878km2.

• Applications for two exploration tenements in South Australia covering 399km2.

  CORPORATE

• Cash of $11.6M as at 30 June 2021.

$11M cash still at 30June, maybe $10M now as drilling has started!
The rest is much the same as the last interview with Crux.