Ann: Response to ASX Query, page-35

The notice of AGM with the resolution details says 'up to' 750mil shares.

It also has an indicative breakdown of the spend totaling $2mil, which includes 300k working capital.

I would say the 750mil threshold is to cover if the SP falls before raise (i.e. raising at sub 0.4c), or if expenses run over budget (pray it isn't working capital that does).

As I have mentioned previously, my preference is to raise a minimal amount to cover drilling at the most promising locations, pray for good results, then can raise more at a higher price for further drilling.