Ann: Upgrade of Siviour Mineral Resource, page-40

Hey Jimmy,

Agree 6-8 weeks would have been sufficient to complete the BAM, go through the draft, comments / revision etc under normal circumstances

Could be any reason why it falls outside the 6-8 weeks:
- Strategic Decision
- Management discussing / reassessing the staging

The most likely reason which is affecting every commodities company today is that we are in the biggest commodities bull run for nearly 20 years. It is unprecedented the demand for minerals right now across the whole sector, combined with coming out of Covid and having a skills shortage

This isn't an RNU issue, it is affecting mining companies (big and small), consultants & government equally.
- Getting permits and approvals with an increased number of applications is exceeding timeframes
- Conducting drilling is blowing out
- Having assays sampled at the Lab is taking longer
- Getting consultants (skilled & qualified) to complete works is longer aswell