Ann: Quarterly Activities Report, page-2

Clear Quarterly but there are a many interesting points to chew a bit on.

Oman
Minaral Resource of 0.82Mt at 3.4% copper in two deposits are existent and waiting to get mined. But this is only Block 5.
Block 4 is showing a massive 13Mt at 2%, but no word on it yet. Does anyone have an idea why?

I mean it´s ok to focus on Mahab 4 and Maqail South due to higher percentages, but Lasail is simply massive.



Kitotolo
"The Company will continue discussions with its joint venture partner and determine how best to now advance the project."
I think I am not the only shareholder who does not raise good memories about DRC projects. But the fact is, that all on-site drilling work in the previous era was done poorly and unprofessionally. And we are in a situation where AVZ Minerals is going into production, with infrastructure is being built up massively.

I think it would be beneficial to at least hold this project for a few more years. Developing a project in an area like this wont be a pioneer work any more at some remote area in the middle of nowhere. The geology of the area is simply amazing and it will pay out even if we decide to sell Kitotolo later on.

New Project (gold?)
"Project generation continues to advance, with several new project opportunities in copper, gold and
base metals reviewed during the quarter. The Company remains confident of identifying a suitable
project in the near term."

This sounds great. Pipeline is being filled.

Good luck for new management! And good luck for shareholders.