Ann: Tempus raises A$740,000, page-16

Overnight webinar.

Some points:

- JB receiving preliminary numbers on MRE Friday, should have info on it out to market end of next week (13/10). Then 45 days to file resource with regulator
- Will release mill study as well. Mentioned 6 mths as time to get ready and under $5m
- Haul rd and mine itself would be other factors. 1 - 2 yrs to be up and running.
- Interesting mentioned Veins 9 and Blue might be contenders for surface mining. Would mean quicker time to get to mine, lower initial capex
- Would likely run with current mill setup, then look to expand 200tpd to 500tpd and cyanide circuit upgrade from cash flow. Very early discussions but possibility of others using our mill
- Ecuador on hold due to costs and instability. Seemed keen to farm out etc for interested parties. NB Lundin's drilling West of West fault may could be catalyst here imo
- Confirmed lithium plays would be low cost, low time spend and accessible year round. Prelim stuff (samples, geophysics etc) before any drilling