Ann: Trading Halt, page-41

Hello. 5.5 with JMEI tax credit. I guess this makes the raise, in reality, less than 5.5 cents. If the "titanium" results will be so spectacular, why raise now, when they had $2.761M in the bank at 30/9/24 with a $819,000 prior quarter spend? Drilling 'titanium' sands or mud is not particularly expensive. Anyway, the MEU Quarterly Cash Flow Report is due for release today. PTR went up 900% since its previous capital raising and PTR have not yet done another capital raising.

The Junior Minerals Exploration Incentive (JMEI) enables eligible minerals exploration companies to generate tax credits for new shareholders by giving up a portion of their tax losses from greenfield mineral exploration expenditure, which can then be distributed to shareholders.