Ann: Trading Halt, page-34

I think the placement was upsized to $4m on the back of demand. It should be announced tomorrow.

Now that funding will be available imminently, I personally see value here.

The key for SVY is to increase the size of the high grade resources at both Cayley Lode and Carrolls. They can add tonnage in the inferred category rather quickly by drilling a number of holes to test for UG extensions. As these UG inferred resources would feature in the latter years of a mine plan, they may be included in the subsequent scoping study (per ASX guidance notes). SVY will need a revised MRE to show ~200,000 tonnes of contained Cu eq. at both the Cayley Lode (OP and UG) and Carrolls (OP and UG). This will firm up SVY as a developer with a real project, and not just another explorer. I think the market is savvy enough to recognise the value if the company announces a revised MRE with ~200,000 tonnes of contained Cu eq. We may not need to wait for the scoping study to see a material re-rating. With a bit of luck, this plays out successfully by year end. GLTAH.