Ann: Quarterly Activities Report, page-3

Thanks T4P88, cash balance higher than what I was expecting, certainly enough to progress an AC campaign at Gordon South for Niobium.

Some of the takeaways from the Quarterly include:

- Reinstated ‘ potential air core drilling ‘ for Niobium.

- Considering a JV partner for the next phase of Bynoe drilling. They made a similar statement last year and within a few weeks the Joint Venture with RIO was announced.

- Up to 5,000 metres of RC drilling at Medcalf West and Gordon. Should get us somewhere around 40-45 drill holes and first results should roll in soon enough. TG6 are expecting assays any time now.

If they are genuinely interested in turning things around in the near term rather than the current tip toe approach they need to show some real intent to progress the Niobium opportunity. Long term holders have been very patient here but if they don’t get moving then not sure for how much longer that would be the case