SWOT Analysis, page-86

Same here guys, just released from the sin bin. I have read some wild accusations recently about the BOD . Can I refresh your memory's about old drill holes that dont meet the JORC 2012 standard at Greenvale. They will be retested now with the 50,000m resource upgrade drill program to comply with JORC 2012. A Reverse Circulation drill rig has the capacity to drill around 300m a day. Competent Ground permitting of course , without clays, aquifers etc. Once compliant = Resource upgrade.

This includes the immediate extension of the Greenvale ore body¹⁶ where previous drilling, that is not included in the current Mineral Resource, intersected:

Nickel

• 13 metres @ 1.46% Nickel from 21 metres (Drill hole GVM311),

• 17 metres @ 1.25% Nickel from 5 metres (Drill hole GVM336),

• 20 metres @ 1.11% Nickel from 29 metres (Drill hole GVM436),

• 11 metres @ 1.36% Nickel from 22 metres (Drill hole GVM633), and

• 20 metres @ 1.28% Nickel from 26 metres (Drill hole GVM402),

Cobalt

• 10 metres @ 0.17% Cobalt from 21 metres (Drill hole GVM311),

• 18 metres @ 0.17% Cobalt from 4 metres (Drill hole GVM336),

• 21 metres @ 0.13% Cobalt from 29 metres (Drill hole GVM436), and

• 10 metres @ 0.13% Cobalt from 22 metres (Drill hole GVM633),

The design of this resource drill program will seek to increase the project’s current Measured and Indicated Mineral Resource such that any increase in this Resource can potentially be converted into an Ore Reserve.