Ann: Tranche 1 Strategic Placement Complete Raising $1.3 million, page-8

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If a Chinese investor or company is indeed interested in acquiring the Sturec gold project in Slovakia, and if this interest developed or advanced around the same time the PFS was completed, it could explain why the results haven’t been publicly released yet. Here are a few plausible scenarios:

1. Strategic withholding of the PFS: The company may be deliberately holding back the PFS to strengthen its negotiation position. A favorable PFS could increase the asset's valuation, and they may want to use it in direct negotiations rather than broadcast it.

2. Confidentiality clauses or exclusivity agreements: If there is an ongoing due diligence process or a term sheet signed with a potential buyer, disclosure of material documents (like a PFS) might be restricted until the deal progresses or is announced.

3. ASX compliance and timing: If there's a potential material deal being discussed, the company might be managing timing for continuous disclosure obligations to avoid price-sensitive announcements that could influence negotiations.

4. Valuation and deal alignment: Releasing a PFS before an acquisition agreement could lock in public expectations about valuation, which may not align with what’s being offered by the Chinese party.