You clearly did read the last ann posted to asx today which states:
The Company intends to use the proceeds from the Placement to conduct initial lithium
exploration works at the Carr Boyd Nickel Project located 80km north-northeast of Kalgoorlie
in Western Australia, rock chip assays, costs of the Placement and general working capital.
Ann: Successful Mining Tender Bid Timor-Leste, page-37
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