Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

If the drilling costs are estimated at USD 20 million and we are funding 50% but only have AUD 9 million in the bank as of 31/12/21 am I missing something? Is the $2m exploration expenditure from this quarterly part of our contribution to the drilling cost?

Even if that’s the case it still cutting it fine especially as we need to pay wages / overheads for the current quarter as well? Unless given all the 3rd party costs are going to companies our directors are associated with and they are gonna give a bit back if the bill for drilling goes over!