Cash and Financial AssetsThe Company is well funded to deliver on its objectives and as of 31st December, 2022, had a cash position of A$15,548,000.During the quarter, the Company purchased a further 400,000 Cobalt Blue (COB) Ordinary shares at A$0.58, a total investment of A$232k under a rights issue. The Company currently holds 4,400,000 COB shares worth A$2,552k, at a COB closing price of A$0.58 on 31st December 2022.The Company holds a A$3M Promissory Note (PN) interest-free for years one to three with interest payable in arrears at 6% per annum for years four and five. The PN is currently in year three and secured over title to tenements. The Promissory note matures in January 2025. On 31st December 2022 this note has a financial asset value of A$2,881k.The Company holds rights to a Net Smelter Return (NSR) royalty of 2% on all cobalt production from the Thackaringa Project, which was sold to Cobalt Blue Holdings Limited in February 2020. QUOTE Great financial position to be in leading up to receiving assay results on Halleck Creek, positive program mapped out as the company move ahead to become major player in the US rare earth market IMO. From release this morning .
