Hi Tizard,I think this answers your question, from page 53 of...

Hi Tizard,

I think this answers your question, from page 53 of the report:

"On 12 April 2021, iTech Minerals entered into a binding Share Sale Deed (Deed) with Archer Materials Limited (Archer,
ASX:AXE) and its subsidiary companies ahead of a proposed ASX listing. Upon satisfaction of conditions under the Deed, the
Company acquired all shares in SA Exploration Pty Ltd, Archer Pastoral Company Pty Ltd and Pirie Resources Pty Ltd (Archer
Companies). The acquisition allowed iTech to undertake exploration for industrial minerals (kaolin and halloysite) and battery
minerals in South Australia. As consideration for the acquisition of shares in the Archer Companies, iTech issued 50,000,000
ordinary shares ($10,000,000 at the $0.20 IPO price) to Archer as part of its successful IPO which were in-specie distributed to
Archer shareholders."