**MALLEE BULL PFS**, page-6

Tyson makes reference in the promo video to a "discovery" at Wirlong. He then goes on to say that together with JV partner JOGMEC (Japanese Government), the company will be "poking some holes" in another "interesting target" near to the Wirlong "discovery". He says this new target is a typical "Cobar style" and a "very strong conductor".

The above might sound alright to a potential new investor but does he really think long term shareholders are going to be happy? It's a repeat of the debacle at Mallee Bull where the project has stagnated for years. Does anyone remember Tyson comparing Wirlong to the world class CSA orebody? In 2017 the following results were achieved at Wirlong; 17m at 4.59% Cu (April), 27m at 5.3% Cu (July) and 31m at 3.1% Cu (September). Since then they have not followed up on the main lens, instead preferring to drill other nearby targets. Why? The above intersections are worthy of follow up both down dip and along strike plus in the footwall of the lens - that is more important than "poking some holes" in yet another target!