Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-54

This is from the announcement dated 31 August 2022, i.e. around half a year before the boundary was changed. From my point of view, HMX always assumed that the blue rectangle is part of EPM26777 - exactly as described in the announcement of 14 February 2023. This does not necessarily mean that HMX was right - but it is at least an indication that something went wrong here. I must honestly admit that I did not attach much importance to the matter. It was only when I read in the quarterly that the Queensland Department of Resources had twice failed to respond to HMX's enquiries and then requested an extension (for an explanation) that I thought something was not quite clear and re-read the announcement of 14 February (and did some research). I am actually neutral in this matter.



However, the whole area around Mt Hope seems to be prospective. And again as a reminder: Drilling will now take place here.



DYOR