Ann: RIU Conference Presentation, page-15

HI Allee,

The quarterly cash flow for q1 24 was a negative $4m not because they lost $4m on what they produced during the quarter but because they were burning cash as an explorer doing stuff that wasn't producing any assets.

They had no income for half the time and were transitioning from an explorer to a producer during the other half.

Given that the cash burn dropped from $4.6 in the dec quarter to $4m they probably had something like $600k free cash flow from operations as a miner.

HI Opex.

Good to see the presentation and hear that the grades and Spitfire are better than expected

Can't wait to hear what the drills are finding in the deeps.

Lachlan would be very disappointed to see the price close down 5%


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