Ann: Opuwo Project Update and Board Changes, page-90

Having a Bundy & (re) reading announcements.

The ore is still there. We have a cash kitty (wonder what the quarterly burn rate will be going forward)

Today's announcement had some (positives) contained.

1. "Work currently in progress includes updated resource modelling to incorporate new drilling completed since the declaration of the maiden Mineral Resource, and metallurgical test work aimed at verifying assumptions made in the Scoping Study about recovery of the value metals from the Opuwo Project mineralisation using conventional sulphating roast techniques"...still a work in progress

2. "Studies with long lead times, such as environmental studies as part of the Environmental Impact Assessment required for the PFS will be continued, as will relatively low cost metallurgical process and mine planning work required to confirm the optimum mining and processing scenarios for the project

3. The Opuwo Project hosts a substantial cobalt resource located in an excellent jurisdiction for mining and the Company remains confident that the project continues to represent a key opportunity when the cobalt price improves and/or with successful optimisation of metallurgical recovery of the value metals from the mineralisation. One or both of these outcomes could significantly change the Board’s view

I know clutching a straws, but will sleep better. It's not dead in the water.