Ann: Wiluna Uranium Project Update, page-10

Toro has JORC in ground resources of 112m pounds uranium. The deposit is at surface and easy to mine. A very conservative in ground value for Uranium is about $3-4US a pound. You could almost double that if Uranium makes another all time high. However using the conservative estimate we are a $400m resource easy. What is affecting value? WA- pure and simple. Western countries simply need WA uranium now to power their data center's and achieve net zero targets. I'm tipping the yanks will have a lot of influence as to who gets in power next or the policy that prevails. We should be $3 plus