" Maiden Mineral Resource Estimate of 880,000 tonnes of...

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Maiden Mineral Resource Estimate of 880,000 tonnes of contained Alumina at the Lake Hope High Purity Alumina (HPA) Project, WA • A maiden mineral resource of 3.5 million tonnes at 25.1% alumina (Al2O3) for a contained 880,000 tonnes of alumina has been defined at the Lake Hope HPA Project in WA.

Next Steps In order to accelerate the development timeline for Lake Hope, a Scoping Study and Pre-Feasibility Study (PFS) on Lake Hope are being run in tandem. The Scoping Study, to be completed in the third Quarter of 2023, will comprise high-level assumptions about the economic potential of the project based on the new resource, mining studies, preliminary metallurgical recoveries and likely offtake prices.

The PFS, which will be completed in mid-2024 will be based on more detailed studies which are in progress (ASX Release 6 th April 2023). This work includes metallurgical optimisation test work, baseline flora, fauna and groundwater surveys, and geotechnical, logistics and freight studies.

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Cash, as of March, ends at 1.14 Million. CR in May raised 4 Million. The burn rate is almost 320K per month (based on the expenses between December and March). We have almost enough cash till Q1 of 24.

I expect a big CR after the successful PFS. Before that, I dream about an entry point