Ann: RIU Conference Presentation, page-47

Plenty of SP catalysts well before we go mining.

Once the company shows 20,000t p/a Cu production at zero cash costs are feasible, then Nth American mid tiers will be very interested, currently sitting circa 16000 t p/a Cu at negative cash cost.

Also along strike exploration targets have identical Geochem and geophysical signatures to Antler. Any positive drill results will be a positive SP catalyst.

When PFS completed that's a derisk tick for bigger companies who want to know what they're potentially bidding for.

Lowest risk polymetallic copper play on the ASX.

The mining path is for optionality in negotiations, but a high grade tier 1 jurisdiction like Arizona (USA is a state by state play re jurisdiction risk) with such a low cost path to production is prime for a deal to be done with a larger player as we are at the early stages of a commodities boom.

Larger scale tonnages lower grade project have deals done at end of said cycle.

NWC project/s will be front and centre.