Ann: Victory Bore Vanadium Project Extension of Time, page-17

The grades are excellent and above expectations - just extremely behind schedule lol. We already know that tonnage is no issue at Unaly Hill and Victory Bore with grades seem to be sorted as well. These drill results likely show that any JORC resource upgrade will not only show a tonnage increase, but also @ a higher grade.

Salt roast will likely confirm that metallurgy is not going to be an issue. 1.4% v2o5 concentrate grades have already proved easily achievable via simple magnetic separation + grind so this will just add another layer of confident if results are similar. Ann says this work is well advanced - which probably means it's still going to take ages judging from history... The key here is to quickly move to infill drilling in order to move as much high grade tonnage as possible into the 'measured' category. This will be needed for the Scoping Study. After that its PFS, then DFS.

Also wouldn't mind an update on Kooline. Overall, this is some great developments.