Broker report for ADT, page-44

Annotations to the list - from my perspective.

•Federal Exploration License received by end February2019 Gives potential to extend resource significantly. Based on estimate that 75m of step-out gives 1Mt (could be less if thickness increases) that gives the possibility of 6.5Mt if strike extends along the whole 500m of expanded concessions
•Step-out drill results @ Rupice’s Northern Extension by end Q2 2020
•Metallurgical results from both Rupice and Veovacaby end Q2 2019
•Maiden Resource @ Rupice+ Resource Update @ Veovaca by end Q2 2019
•First drill results from the Brestic-Jurasevac prospect near Rupice by end Q2 2019 If this hits anything like Rupice it will be important as it's a decent size anomaly
•Exploitation License granted @ Veovaca by end 2019
•1-2 additional project acquisitions in Bosnia by end 2019 Is this from management or is this just speculation? If true this is very important. With a rising market cap and good interest in the stock we should be leveraging first mover advantage. If we can pick up a couple good prospects it helps scope to farm-out JV our projects to avoid significant capital dilution.
•Feasibility Study from combined Rupice + Veovaca operation by end Q2 2020
•Break ground on construction fromcombined Rupice + Veovaca operation by end Q12021
•First production from combined Rupice + Veovaca operation by end 2021