Six finance and offtake groups are now working in the data room...

Six finance and offtake groups are now working in the data room to update finance term sheets, with good progress being made

o Approached by three new finance groups who are keen to consider a financing term sheet and we are currently clearing Confidentiality Agreements and will provide additional access to the data room shortly

o Level of demand for participation has been very strong which increases our confidence we will again secure a competitive debt facility for 100% of the capex funding requirements for the project start up

Mabilo DSO operation, which requires low capital for start-up, will access the primary source of ore being the 0.104Mt of supergene chalcocite material at an average reserve grade of 20.7% Cu.

Cash and liquid assets as at 31 March 2024 were A$7.1 million (including a receivable of US$0.30 million from other consultants).