TYX

The ASX need to question the directors of TYX regarding their intention. There are so many convoluted, confusing & unclear announcements it's hard to know TYX are doing. 1. Announcement 24th August 2017: Tyranna raised $1.7m through a private placement and gave the option to eligible shareholders the same amount. This place was to raise $3.4m and it was stated by Mr Seneque “This Placement and SPP will bolster the Company’s ability to maintain the successful momentum at the Jumbuck Gold Project focusing on the key Typhoon and Greenewood gold prospects”. The funds raised under the Placement and the SPP will be used for: - exploration activities at Jumbuck Project; - advancement of feasibility studies for the Jumbuck Project; -potential acquisition opportunities; and - general working capital. The Announcement also stated that TYX will not be contributing to the Wilchery Project with AGS. 2. Announcement 13 September 2017: Prospective Weebo Gold Project Progresses Tyranna growth Strategy. "New gold project to complement company growth". "1000m AC drilling scheduled for October drilling". Where the funds from the SPP used to acquire the 3 Weebo Tenements? What was the cost of the acquisition? Announcement stated that the Weebo Project that was planned to be drilled in October 3. Announcement 1st November 2017 High grade gold Structures confirmed by scissor holes at Greenwood Gold Prospect TYX in the process of obtaining approvals to follow up this discovery. Announcement States “that due to the exciting results from Greenewood, the Weebo exploration program will be deferred to 2018” Since this point, The Weebo Acquisition or the drilling to take place has not been mentioned! 4. Announcement 1st December 2017 – Eureka Gold Mine was purchased north of Kalgoorlie – Transformation from Explorer to Producer “The acquisition will provide Tyranna with a potential cash generating asset which can be used to fund the exciting exploration activities at the Jumbuck Gold Project” “Tyranna will commence drilling in December aimed at upgrading the historical resource estimate” The announcement stated that 1500m of drilling was to commence in Dec 2017. No further mention of the Weebo or Jumbuck projects for which the capital was intentionally & initially raised for. Proposed activities: What are the “Additional targets”? “Toll Treatment agreement with nearby Mill(s)”. What are the agreements & how many mills are there & has this been done? 5. Announcement 14th December 2017- Mining Operations commenced at Eureka Gold Mine. The announcement states “drilling is expected to commence in December 2017 or January 2018” As owner of Eureka Mine, how do you not know when drilling will commence? Its already the 14th of December? Again, there was no mention of the exploration program planned for Weebo or Jumbuck Projects for which the capital was raised. 6. Announcement 18th January 2017 Eureka Gold Mine Progress. “Mining has recommenced following the Christmas break and scheduled to be completed by late march/ early April 2018”. “Approval granted for resource/ reserve definition drilling to provide parameters for the mining study” “Surface drilling will commence Tuesdays 23rd January to follow up compelling surface lateritic gold target discovered during recent field mapping” “1000m of drilling to follow up a compelling surface lateritic gold target” “Approx. 1500-2000m will be drilled as stage 2. Stage 2 of the drilling campaign will be drilled in March/ Early April” This is a convoluted and confusing announcement! This Stage 2 drilling was originally planned for December 2017 Why did the plan change and why is the drilling continually pushed back? Why was this not made clear? Why is mining to be completed March/ Early April 2018? Why does it not continue? Where are these compelling surface lateritic gold targets located in relation to the main pit? Again, there was no mention of the exploration program planned for Weebo or Jumbuck Projects for which the capital was raised. 7. Announcement 19th February 2018 - Capital Raise Heavily Oversubscribed “Receipt of binding commitments for $2.5m Placement “Eureka Exploration drilling to focus on bonanza historical shallow gold” Still no mention of Weebo or Jumbuck Project exploration? Please review the following statement made in the Announcement 24th August 2017: Mr Seneque “This Placement and SPP will bolster the Company’s ability to maintain the successful momentum at the Jumbuck Gold Project focusing on the key Typhoon and Greenewood gold prospects”. $3.4m originally raised was highlighted with the premises for the expansion of these projects and yet both have been put on hold with no update, no exploration & no plan for further expansion. Please explain where the money was spent! 8. Announcement 19th March 2018 – Diamond Drilling Complete at Jumbuck Diamond drilling- TYX 77% WPG 23% and Coombedown Resources. What is Coombedown Resources percentage share? “Once the data has been received the next step is to review and update the Resource Block Models by June 2018 Quarter and then a scoping study September 2018 quarter”. Is the Resource Block Model on track for release in the June 2018 Quarter? 9. Announcement 22nd march 2018 Tyranna to Acquire High grade Cobalt – Base Metals Project in the USA “8m of funds and investments”. Well-funded & nimble?? Investments aren’t counted as funds until a monetary value is gained. Nimble? Please explain? No Mention of Jumbuck Project, Weebo acquisition or Eureka further exploration “Diversified Company” A company doesn’t become diversified through one acquisition not well funded 10. Announcement 18th April 2018 - Visible gold in campfire bore. These results will be incorporated into the upgrade Mineral Resource Block Models. Please update the market of the date of when we can expect the upgraded Mineral Resource as this announcement does not confirm when it will be available. As Per Announcement 19th March 2018 it was stated: “Once the data has been received the next step is to review and update the Resource Block Models by June 2018 Quarter and then a scoping study September 2018 quarter”. 11. Announcement 9th April Investor presentation- Diversified Explorer & Developer Absolute amateur presentation, complete embarrassment – looks like a basic year 7 power point presentation! These presentations are often the first point of call to get a clear over view of the company for potential investors. US Cobalt Acquisition – “On 9 October 2017 LFR announced the acquisition of ground in the Goodsprings area adjoining the US Cobalt ground. The share price of LFR moved from 3 cents to a maximum of 15 cents post the Goodsprings acquisition.” - Who cares! Why are we always hearing about everyone else’s successes? Its only AGS that have invested in TYX now which is greatly diluted. Promote TYX better! You don’t see WPG, KAI or OGX investing in Tyranna. Eureka Gold -Not a clear announcement, Disgrace! SA Projects only have 2 pages of presentation. These are Tyranna’s best assets. Challenger Gold Mine- We don’t own this mine. We aren’t processing ore there so why is in Tyranna’s presentation?? After 3 years of exploration around Challenger there is still no agreement to process here so why advertise it. No one mention of the exciting gold discoveries at Greenewood or Camp Firebore News flow - amateur presentation Weebo? No mention! Honestly if you cannot get the presentations right, it would probably be best not to do it at all! 12. Announcement 1st May 2018 Eureka gold Mine Works Progressing and Ore Stockpile Transported to Toll Milling This is a nothing announcement! Most things have been announced in previous announcements prior Drilling?? When is this happening? Announcement 18th December 2017 Eureka Gold Mine Progress States: “Approx. 1500-2000m will be drilled as stage 2. Stage 2 of the drilling campaign will be drilled in March/ Early April” – Now May! No mention of Jumbuck Project - Is the Resource Block Model on track for release in the June 2018 Quarter? No mention of Weebo? POW granted for resource/ definition drilling to provide perimeters for the mining study both underground and open cut mining to be considered. – Why would TYX be considering an underground mining when there is no significant deep drilling results & we already have an open pit?