Ann: Reward Resource and Feasibility Study Update, page-2

include recent Rockface results in the mineral resource update;
• add to mineral resources, most likely at Reward and Rockface based on recent drilling;
Reward Resource and Feasibility
Study Update
KGL Resources Limited | Reward Resource and Feasibility Study Update Page 5 of 7
• further optimise the mine plan;
• finalise offtake arrangements;
• identify and define any cost pressures to refine capital and operating costs, and;
• continue to explore optimal project financing options, including the potential for Government
assistance (NAIF), and develop an appropriate funding strategy

Like the sound of this highlighted line. No surprises with delivery schedule and this just allows for a little more drilling. I would even be to upset about a little CR to provide for extra drilling given their current investment to resource development ratio and consistency.

Would love to see a few more brown and green fields holes sunk with follow up DHEM.


AIMHO DYOR.