General Comments, page-4

Re: NOR R&D and Government Grants etc

R&D is paid by the Government once per financial year as per previous NOR Quarterlies.

As such, NOR will not receive anything until after 30 June.

The $274k from Radium is fully drawn and due to mature on 30/11/20 as per previous Q.

R&D expenditure has dropped from $308k to $281k to $236 over the last 3 quarters. There is a trend.

The Government Grants received since listing are:
30/06/17 $1.37m
30/06/18 $0.959m
30/06/19 $0.878m
31/12/19 $0.713m

There is another trend.

Did Radium extend the R&D facility amount during the March Q? Let's see.

PS I hope everyone appreciates nearly $4m of tax-payer dollars going to NOR...

All imo.