Ann: Chairman's Address to Shareholders, page-2

so almost a copy paste of previous statement

"Gindalbie is currently conducting in-depth due diligence on a shortlist of projects, primarily in the
base metals sector, located in low-sovereign risk jurisdictions. Discussions with parties are ongoing and at a relatively advanced stage. We are excited about what the future will hold for Gindalbie and look forward to sharing more details with you soon."


But I do find this commentary interesting


"We are also seeing new shoots of life across the broader resources industry with increasing
attention being paid to base metals such as copper, zinc, nickel and cobalt. A supply deficit in at
least some of these minerals is looking increasingly likely driven by historically low levels of
exploration combined with the closure of many large mines around the world.
New technologies, especially in renewables and battery manufacture will also have a profound effect on our industry. We do, however, temper excitement for these technologies with careful
analysis of future supply and demand fundamentals."


Of the above mentioned base metals only Zinc is facing a large supply deficit and a zinc acquisition now would be perfectly timed see the markets reaction to TND today