FA & General Commentary, page-19

There were 2 primary points of speculative interest for me arising from today’s announcement of the December 2020 quarterly activities report:

1. The assays from the round of RC drilling at the Mt Venn Chapman’s Reward prospect appear on track to drop by “early February 2021”:

2. WML applied for a new tenement near Broomehill in Western Australia, and that: “sits over a coincident gravity and magnetic anomaly analogous to the JulimarPGE-nickel-copper-discovery made by Chalice Mines Limited in 2020”.

I cannot help but feel this may be the first tangible evidence of the meaningful input of our new director David Richards - Managing Director of LTR, Tim Goyder’s “other” successful outing of recent years and a relative of CHN - not least given its promising Moora project, where similar Julimar analogies have been drawn and language used in announcements to describe that prospect (and similar magnetic anomaly data relied on to identify the prospect and imaging presented to the market).

It is reasonable to assume there will have been some rather useful cross-pollination of knowledge between Goyder, Richards, etc in terms of the identification of the Julimar-style EM signature - and now hopefully we may now be seeing WML as the next beneficiary of that knowledge:



Shall be watching with interest in relation to any developments with respect to (1) and (2) above.

The above is speculative and represents my personal commentary only. Very best to all WML shareholders.