Running some ball park valuations for each of the 100% owned...

Running some ball park valuations for each of the 100% owned projects and their respective stages of exploration, please feel free to add or comment as these are based on experience and other project comparables on the ASX:

$100m+ Vanadium & HPA Aluminium, Victory Bore Project, greater than 3 billion pounds. PFS stage. Wouldn't be surprised if NPV comes out to be >$500m once PFS is finalized given current results.

$50m+ Iron ore high purity magnetite, Perenjori Project, exploration target of up to 1.2 billion tonnes, 70% Fe grades, exceptional.

$20m+ Gold, Yidby Project, early days of exploration but current hits of 39gpt at shallow depth is very promising and nearology play (Mt Gibson 30km south = 3m ounce project, other large projects around the area also).

$170m+ of total valuation at current stages vs current market cap of ~$32m (2.0c share price). I.e. 5x upside from current share price. Wouldn't be surprised to see this move substantially higher in the short term. Market discovering value.