Ann: Underwritten Renounceable Rights Offer to raise $1,490,000, page-4

Took a tiny parcel .

Looks cheap compared to peers .

TGN at 300 mil mcap and we are at 10 mil mcap .

The Dolphin Tungsten Project has a JORC (2012) compliant Mineral Reserve of 3.14Mt at a grade of 0.73% WO3. The Mineral Resource, including Mineral Reserves, total 9.6Mt at a grade of 0.90% WO3.

80 % with top 20

Excellent BODs and Management Team

Strong tungsten market

Off take agreement and game on IMO

DYOR