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

From the Quarterly report it's clear their focus is getting an initial Mineral Resource update done this quarter. This includes infill drilling at Corner Bay to get the previously reported Inferred resources up into the Measured & Indicated category, which will allow them to create a solid Feasibility Study, compliant with JORC and the ASX standard reporting standards. Obviously this will use the Dore Copper PEA as a start, updating the resource, increased commodity prices (Copper & Gold), reduced processing costs, & all the many other factors. It will have a great NPV obviously, given the substantial commodity prices since 2022 & the increased high grade resources.

In addition, the Resource Update will include "Golden Eye" which is predominantly Gold, and it's HIGH GRADE.
This looks fantastic with more than enough Mill processing capacity.

I suspect many investors are only just starting to see the real potential for a Major Copper/Gold Company here.

At this weeks Noosa Mining Conference, I was fortunately to meet David Southam for 10 minutes, who was there as a Director of Ramelius. He was a very approachable person allowing me to confirm my understanding of Cygnus's Hub & Spoke strategy. There is enormous potential in the region, with Corner Bay and Golden Eye being the start. I expect further consolidation within this mining region, and Cygnus will be a the heart of it all.

The 30 cents share price (as reported by many experts) is realistic for this project in the near short term IMO. I agree with the experts as per their podcasts, presentations, and investment reports.