Only 83.5m shares on issue of which just 14.2m held outside top...

Only 83.5m shares on issue of which just 14.2m held outside top 20. So very tight and cashed up with no CR required until well into next year at least.

Largest onshore manganese deposit in Australia, a huge resource with easy access, easy to mine and all infrastructure nearby. PFS in progress.

Also own the technology backed by CSIRO to produce extremely high quality manganese for battery markets at low cost.

Could become one of the worlds largest producers of this product.

Market cap of just 14.2m (at 0.17) with cash equivalents of $10m on hand implying EV of just $4m.

Early indications are that this could be hugely profitable with a mine life of 100yrs plus.

Big players in the manganese industry should take a look at this with a view to taking control.

What’s it worth? $100m may be just a drop in the ocean for such a strategic resource implying $1.20 per share and here we are with last trade at just $0.17.