RLT CHART, page-37

Firstly, thank you very much for the kind mail. It is always nice to receive encouraging mails, those don’t tend to be in abundance.

You are absolutely correct in that the sizing of the plant will be proportional to the size of the discovery. Obviously a much bigger plant (therefore more CAPEX) will ironically be a good thing, as the project will be larger than anticipated. At this stage, until we get all the drill results in and tested, all estimates are just guesses.

At this stage we are planning for a Phase 2 start-up in Q4 2023, but it will also be a function of how long it takes to wrap up all the necessary paperwork and studies. We have an amazing team all highly motivated and pushing towards a goal, so at this stage we are quite upbeat about our prospects in this regard.

Hopefully I have said enough without saying anything, but as you point out I can’t reveal price-sensitive info, so this is about as good as it gets for now.

All the best, and don’t hesitate to reach out.

Cheers

Stef

Slow and steady always wins. Retracement was overall market sentiment towards growth companies.

Be assured the company is focused and on target.