Ann: Ta Khoa Project Development Update, page-111

Unfortunately it looks impossible to secure cashflow before the end of the year as we haven't been informed that permits have been applied for to mine an MSV yet, that would take significant time to go through the permitting process. There's mine design and planning to do first. We don't yet have an electric mining vehicle fleet either. By the end of the year, if we're going to start mining sometime a significant capital raising will need to occur. It's been obvious for years and well discussed that this contingency had to be planned for but there's no evidence it has been. The paperwork has not even been sent for the permit as far as I'm aware.