Ann: Quarterly Report and Appendix 5B for 31 March 2023, page-4

Whilst the Kanmantoo Deeps target looks quite large it is unlikely to be drilled without government grant assistance or from the deepest levels of the underground mine at some future point.

More important to shareholders should be the exploration target of 20 million tonnes at normal underground mine grades. This was always obvious if drilling took place under the existing deposits within the mining lease that are open at depth. That is why I previously posted an expected 10 year mine life for the underground mine and bought shares. I bought because I expect this exploration target to get converted to resources over time and a 10 year plus mine life to be the reality that time will demonstrate.

This is a good announcement that should help the market understand the true potential here.

DYOR. Not investment advice or any guarantee.