SRN Chart, page-5

We have 440mil shares on issue. If we take a typical 10mil market capitalization for an early-stage junior, we get 2.3c per share (undiluted given uncertainty around option exercise). Looking at it this way is also good numerical backing to the TA charts.

Good assays might see us towards 20mil, or 4.6c per share?

We also have a large holding in the Ashburton region in WA, called the Kooline Project Lead-Silver/Gold project (focus on lead-silver).

Since silver has been doing well, I thought I'd share some of the rock chip samples at the project that were recorded last year.

	Sample ID	Pb %	Ag PPM	Cu %
1	{null}
2	{null}
3	{null}
4	{null}
5	KRK001	12.3	24	0.51
6	KRK002	30.9	36	1.23
7	KRK005	55.3	249	0.06
8	KRK006	48.1	170	0.93
9	KRK008	79.3	232	0.13
10	KRK009	12.0	78	2.62
11	KRK011	44.7	40	0.07

No doubt, the silver (Ag) and lead (Pb) grades are outstanding from what the samples have shown. Also note:

The project area tenements cover a total of 386 km2, and more importantly, includes 48km of contiguously striking licences linking a number of clusters of historic artisanal high-grade lead/silver workings - 22 May 2018 Project Update Announcement.

Turns out we have good exposure to both GOLD and SILVER!