Ann: Quarterly Activities Report, page-4

Good work repeating things two or three times to fill up the very light document!

Fully funded until the June expiry of the offtake ( at which time I’m guessing the $0 offtake will be extended for another payment of $0 from LGES ), pg.4

Translation is CR around the middle of the year?

No material change to reserve since June 2019, pg.10
Nothing worth drilling at Sconi for over 2.5 years now?

$0 exploration/evaluation spent on Sconi for the period.
Still nothing worth drilling for, as far as the Board is concerned.

NAIF due diligence since… 2018? Give us all a break- looks like Canavan really did talk them in to a corner.

PCAM samples done? Woohoo! More money spent on producing samples of things the industry already makes and could have been achieved a lot more cheaply via outsourcing. It’s wasteful trying to appear to have reinvented the wheel when the best project they have has $0 spent on drilling etc.

Why pursue PCAM if confident of the MHP offtake? Why pursue final product production at the sample level in house before getting a mine going? To keep the retail market impressed?

Over 50% on wages? Yuck.

No change equals no change. No finance since the 2018 BFS plus no change tells me no finance by end of June.