Ann: Trading Halt, page-7

With A$3.2 million cash available on March 31, the CR suggests continued low production not generating enough revenue to operate the company plan.

if revenue from production and sales was sufficient, why do a CR and further dilute all holdings.

clearly, there are more things to do than funds and revenue allow.

Relatively low SOI is a key measure supporting the SP.

use of the word strategic in KAU's statement to ASX about the CR suggests several things:

(1) the people operating KAU are becoming impatient at being constrained by limited funds,

or (2) the funds will be applied to an exploration program at the Macquarie Arc blocks in NSW,

or (3) deep drilling at or near the A1 mine searching for a Fosterville analogue or similar.