A lot of the debt due and loan dates amended so that it can be...

A lot of the debt due and loan dates amended so that it can be paid by CN's and any other capital raised.

IMO:
- Need to improve their financial position and pay off many debts
- Looks like they are still looking for water
- Need a lot more capital to pay off debts and get closer to actually producing if it is a economically viable resource to mine which is indicated by a business model after bulk sampling analysis and optimum configuration of the Gekko.
- Where's the capital coming from?

Planned work for Q1 FY23
Kat Gap
• Continue preparations for near term mining operations of shallow high-grade gold on the granite-greenstone contact.
• Complete remaining metallurgical test-work.
• Finalise optimal large scale open pit design based on bulk sample outcomes.
• Commence reassembly of the Gekko gold processing facility.
• Conduct further water exploration for Gekko processing plant and associated infrastructure.
• Continue follow-up RC drilling of the down plunge extent of high-grade gold mineralization beneath existing shallow near surface gold mineralization on the granite-greenstone contact.
• Conduct preliminary shallow RC drilling programs under the best areas of the large auger soil gold anomaly out in the granite

Not much else happening, no drilling or resource updates!

This Last Quarter RESULTS:
Geophysics
There were no geophysics results during the quarter.

Drilling
There were no drill holes completed during the quarter.

Geochemistry
No assay results were returned for the quarter.

Previous Quarter RESULTS:
Geophysics
There were no geophysics results during the quarter.

Drilling
There were no drill,holes completed during the quarter.

Geochemistry
No assay results were returned for the quarter.

Data Review
High level Desktop review of VHMS potential along the Andromeda/Alpha trend within Albany Fraserrange completed which runs along the western margin of the JV tenure.