Ann: Tandarra Gold Project Diamond Drilling Results, page-8

I am slightly bemused by the reactions to this announcement concerning Tandarra, which is a joint venture with Catalyst Metals.
Firstly, Catalyst Metals are the operators, not NML.
Second, NML met its contribution to Tandarra costs not so long ago from funding received as convertible notes while in suspension (see announcement on 12/6/24).
Third, the POG has increased strongly over the past 12 months and so regardless of what the final value of our shares are following reconstruction, the value of the Victorian JORC resources will have improved.
Fourth, the Mt Carlton operation in Queensland has already been lost and no liability remains.

I am less than impressed by the new Board and I am looking forward to the renewed listing as a possible way to exit but when and how I do that depends on the reconstruction.