Ann: Quarterly Activities Report - December 2022, page-31

seals,

You are right, it costs >$100m to prove up these types of deposits. What we have is a lot of geochemical data in cores that need to be scrutinised by specialists to vector in on any potential deposit.

I moved on from my investment a year ago once I realised it wasn't eventuating and that a few more campaigns are needed.

Resources companies can be fickle investments and you need to be brutal on choices to where capital is allocated. I do have a strong faith in the projects but it will take time.

best of luck holders