Ann: Authier Project Update, page-4

It's a good update in my view and in-line with what I was expecting. Production increase, mine life shortened would imply higher profitability as a result of running operating expenses for a shorter time period. BAPE process to take roughly 6-8 months? Environmental studies already complete, and prior community engagements taken place. Much higher chance of achieving permitting going via BAPE which is what they should have done from the beginning. With clarity around strategy I have a lot more confidence going forward, upgrading my sentiment from hold to buy. Way too cheap now - DFS refinement will increase value, and likely that the time permitting achieved LI prices will be trending up.

GLTAH