tag:blogger.com,1999:blog-46337063245138301252024-03-22T09:33:38.454-04:00Small Caps, Big GainsUnknownnoreply@blogger.comBlogger60125tag:blogger.com,1999:blog-4633706324513830125.post-47240211938640518642024-03-18T22:59:00.002-04:002024-03-18T22:59:30.892-04:00High Grade Gold Intercepts Should Send ARIC Flying<p>Awalé Resources Limited (ARIC.V) rose 42% today on outstanding drill results at its Odienné Project Joint Venture with Newmont Corporation (NEM) in the Ivory Coast. With these successful drill results and NEM's interest in the project and investment in ARIC, we think this stock will go on a prolonged run. Especially considering the recent increase in the price of gold. We are up to 1,016 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 122 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>From the <a href="https://money.tmx.com/quote/ARIC/news/6947909948766115/AwalxE9_Hits_Multiple_Shallow_HighGrade_Intercepts_Including_24_gt_AuEq_over_75_Meters_at_the_OdiennxE9_Project" target="_blank"><b>news release</b></a>:</p><h2 class="NewsArticle__Headline-sc-7h0qio-8 nwdjn" style="background-color: #f6f7f8; border-bottom: 2px solid rgb(192, 197, 205); color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 24px; letter-spacing: 0.4px; line-height: 32px; margin: 0px 0px 5px; padding: 0px 0px 10px;">Awalé Hits Multiple Shallow High-Grade Intercepts, Including 2.4 g/t AuEq over 75 Meters at the Odienné Project</h2><div class="NewsArticle__Meta-sc-7h0qio-9 kRZrRS" style="-webkit-box-align: center; -webkit-box-pack: justify; align-items: center; background-color: #f6f7f8; box-sizing: border-box; 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box-sizing: border-box; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; line-height: 22px; overflow-x: auto;"><div class="qmnews_story" id="story" style="box-sizing: border-box;"><p style="margin: 20px 0px;"><span style="font-weight: bolder;">HIGHLIGHTS:</span></p><ul><li><span style="font-weight: bolder;">75m @ 2.4 g/t gold equivalent (Au Eq) from 242m downhole* in OEDD-74</span></li><li><span style="font-weight: bolder;">44m @ 2.5 g/t Au Eq from 131m downhole* in OEDD-65</span></li><li><span style="font-weight: bolder;">40m @ 1.9 g/t Au Eq from 194m downhole* in OEDD-76</span></li><li><span style="font-weight: bolder;">39m @ 1.6 g/t Au Eq from 60m downhole* in OEDD-64</span></li><li><span style="font-weight: bolder;">Assay results from the Charger target are expected soon</span></li><li><span style="font-weight: bolder;">A follow-up drill program is scheduled to begin in April</span></li></ul><p style="margin: 20px 0px;">Vancouver, British Columbia--(Newsfile Corp. - March 18, 2024) - Awalé Resources Limited. (TSXV: ARIC) (the "Company" or "Awalé") is delighted to report significant assay results at the Odienné Project. The BBM Zone is a grassroots discovery announced in <a href="https://api.newsfilecorp.com/redirect/R7kkZCrrxj" style="background-color: transparent; color: #235b59;">Awale's January 11, 2024 news release</a>. These latest holes followed up on this promising new discovery, and the Company expects to restart drilling in April. These multiple, shallow, broad, high-grade intercepts demonstrate the BBM zone's excellent continuity and scale potential.</p><p style="margin: 20px 0px;">All holes were mineralized and intercepted target geology. Mineralization remains open in all directions.</p><p style="margin: 20px 0px;">Andrew Chubb, CEO of Awale Resources, commented today:</p><p style="margin: 20px 0px;">"We are delighted with these assays from the follow-up program at the BBM target. The mineralization is robust and we have now confirmed plunging high grade mineralization over 500m of strike, which remains open in all directions. The consistently high-grade gold mineralization encountered in multiple drill holes underscores the prospectivity of our exploration area and highlights the substantial value it holds for our Company and stakeholders."</p><p style="margin: 20px 0px;">The gold and copper mineralization and alteration are controlled by a shear zone that follows an intrusive/sedimentary contact. Drilling now covers 2 km of strike along this shear zone, which sits within a high tenor, and open 8km long geochemical gold in termitaria trend. This drilling has been completed on 8 sections with a minimum spacing of 150 m between sections and up to 500m step-outs to the SE and NW (Figure 1). All holes have intercepted mineralization (Figure 2 & 3 cross sections and Figure 4-long section). All assay results from 14 holes for 2537 m drilled at BBM have been returned.</p><p style="margin: 20px 0px;"><a href="https://api.newsfilecorp.com/redirect/W033ZH11AV" style="background-color: transparent; color: #235b59;"><span style="font-weight: bolder;">LINK TO BBM's OEDD-74 Drill Core Photos</span></a></p><p style="margin: 20px 0px;">With an established robust geologic framework, the Company can progress with a targeted drilling program to scope size potential, geological and grade continuity of the mineralization as well as test for new parallel shoots along the 8km of open strike.</p><p style="margin: 20px 0px;">A full table of significant intercepts for the program is given in Table 1 below.</p><p style="margin: 20px 0px;"> </p><p style="margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_001full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_001.jpg" src="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_001.jpg" style="border-style: none; border-width: 0px;" /></a></p><p style="margin: 20px 0px; text-align: center;"><span style="font-weight: bolder;">Figure 1: BBM Location with drill area zoom on the right. Map to left shows the >8km of strike potential between the BBM and Lando targets.</span></p><p style="margin: 20px 0px; text-align: center;">To view an enhanced version of this graphic, please visit:<br /><a href="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_001full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_001full.jpg</a></p><p style="margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_002.jpg" src="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_002.jpg" style="border-style: none; border-width: 0px;" /></a></p><p style="margin: 20px 0px; text-align: center;"><span style="font-weight: bolder;">Figure 2: Drill section looking NW through A-A' in figure 1. Red hatch shown mineralization zone with >50m true width.</span></p><p style="margin: 20px 0px; text-align: center;">To view an enhanced version of this graphic, please visit:<br /><a href="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_002full.jpg</a></p><p style="margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_003.jpg" src="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_003.jpg" style="border-style: none; border-width: 0px;" /></a></p><p style="margin: 20px 0px; text-align: center;"><span style="font-weight: bolder;">Figure 3: Cross Section B-B' through the Discovery line at BBM.</span></p><p style="margin: 20px 0px; text-align: center;">To view an enhanced version of this graphic, please visit:<br /><a href="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_003full.jpg</a></p><p style="margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_004full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_004.jpg" src="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_004.jpg" style="border-style: none; border-width: 0px;" /></a></p><p style="margin: 20px 0px; text-align: center;"><span style="font-weight: bolder;">Figure 4: Gram Metre Equivalent Long Section L-L'. Approximately 500m strike of high grade mineralization in initial drilling.</span></p><p style="margin: 20px 0px; text-align: center;">To view an enhanced version of this graphic, please visit:<br /><a href="https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_004full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/10016/202083_6756dbe48452cb3b_004full.jpg</a></p><p style="margin: 20px 0px;"><span style="font-weight: bolder;">Table 1: List of significant values for all drill holes at BBM</span></p><table border="0" cellpadding="3" cellspacing="0" style="border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 799.333px;"><tbody><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 2px 2px; font-size: 10px; text-align: center; width: 56.2604px;"><span style="font-weight: bolder;">Hole</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 38.6979px;"><span style="font-weight: bolder;">From</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 38.6979px;"><span style="font-weight: bolder;">To</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 38.1458px;"><span style="font-weight: bolder;">Width</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 37.5729px;"><span style="font-weight: bolder;">AuEq g/t</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 37.5729px;"><span style="font-weight: bolder;">Au g/t</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 38.0312px;"><span style="font-weight: bolder;">Cu_%</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 42.5417px;"><span style="font-weight: bolder;">Mo_ppm</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 40.8958px;"><span style="font-weight: bolder;">Ag_ppm</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 39.1875px;"><span style="font-weight: bolder;">EAST</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 40.3021px;"><span style="font-weight: bolder;">NORTH</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 37.5729px;"><span style="font-weight: bolder;">RL</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 35.8333px;"><span style="font-weight: bolder;">Azi</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 35.6979px;"><span style="font-weight: bolder;">Dip</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 38.6979px;"><span style="font-weight: bolder;">Hole Depth</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: center; width: 39.3021px;"><span style="font-weight: bolder;">Au_gm</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 2px 2px 1px; font-size: 10px; text-align: center; width: 47.6562px;"><span style="font-weight: bolder;">AuEq_gm</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0059</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">59</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">103</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">44</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.24</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">230</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">656099</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1047971</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">454.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">36</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-51</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">179.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">53</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">75</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">68</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">87</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">19</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.26</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">411</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">36</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">48</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">95</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">99</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.1458px;">4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">3.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">1.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.0312px;">0.89</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 42.5417px;">218</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.8958px;">3.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.3021px;">8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">13</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px 2px; font-size: 10px; width: 56.2604px;">OEDD0060</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">49.65</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">66.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.1458px;">16.35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">0.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">0.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.0312px;">0.13</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 42.5417px;">85</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.8958px;">0.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.1875px;">656370</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.3021px;">1047683</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">464.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.8333px;">45</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.6979px;">-52</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">122</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.3021px;">6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">10</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0061</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">25</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">78.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">53.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.27</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">16</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">655630</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1048206</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">455.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">25</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-52</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">155.15</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">27</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">48</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">37.65</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">39.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">2.25</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.03</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">4</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">53.63</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">54.65</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">1.02</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">3.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.75</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">81</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">5.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">3</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px 2px; font-size: 10px; text-align: right; width: 56.2604px;">and</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">116</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">117.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.1458px;">1.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">1.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">1.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.0312px;">0.04</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 42.5417px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.8958px;">0.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.3021px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">2</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0062</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">130.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">181.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">50.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.18</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">155</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">656075</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1047938</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">454</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">37</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-60</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">188.33</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">45</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">66</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">157.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">160.55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">2.85</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.48</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">78</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">7</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">163.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">174</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.1458px;">10.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">3.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">2.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.0312px;">0.32</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 42.5417px;">302</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.8958px;">1.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.3021px;">27</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">34</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0063</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">175</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">179.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">4.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.64</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">30</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">655607</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1048149</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">456</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">257.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">7</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0063</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">217</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">246</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">29</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.21</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">53</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">20</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">29</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">221.64</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">230</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.1458px;">8.36</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">2.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">1.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.0312px;">0.48</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 42.5417px;">63</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.8958px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.3021px;">13</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">19</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0064</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">47</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.27</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">53</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">655979</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1048060</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">451</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">134.43</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">5</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0064</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">60</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">99</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">39</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.30</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">226</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">41</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">63</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0064</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">60</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">82</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">22</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.25</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">184</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">37</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">48</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">72</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">74</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.1458px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">6.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">5.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.0312px;">0.40</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 42.5417px;">355</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.8958px;">1.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.3021px;">11</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">13</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0065</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">131</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">175</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">44</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.60</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">413</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">2.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">655949</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1048016</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">450.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">209.51</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">62</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">110</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">134</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">140</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">3.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.64</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">371</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">2.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">23</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">30</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">146</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">155</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.1458px;">9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">3.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">1.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.0312px;">0.55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 42.5417px;">1063</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.8958px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.3021px;">17</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">31</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0066</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">18</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">25.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">7.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.58</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">20</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">655512</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1048297</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">457.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">92.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">11</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">20.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">21.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">90</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">3</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px 2px; font-size: 10px; text-align: right; width: 56.2604px;">and</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">75</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">76</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.1458px;">1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">2.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">2.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.0312px;">0.01</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 42.5417px;">3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.8958px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.3021px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">2</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0067</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">147.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">176.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">29.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.11</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">142.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">656325</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1047619</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">464.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">206.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">16</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0068</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 38.6979px;">96</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 38.6979px;">192</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 38.1458px;">96</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.747</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.345</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.000</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 42.5417px;">41.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.400</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 39.1875px;">655468</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 40.3021px;">1048237</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 37.5729px;">458.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 35.8333px;">35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 38.6979px;">239.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 39.3021px;">33</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">72</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">85.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">93.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">8.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.10</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">16</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">3</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">96.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">142.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">46.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.24</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">62</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.0</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">13</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">31</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px 2px; font-size: 10px; text-align: center; width: 56.2604px;"><span style="font-weight: bolder;">Hole</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 38.6979px;"><span style="font-weight: bolder;">From</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 38.6979px;"><span style="font-weight: bolder;">To</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 38.1458px;"><span style="font-weight: bolder;">Width</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 37.5729px;"><span style="font-weight: bolder;">AuEq g/t</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 37.5729px;"><span style="font-weight: bolder;">Au g/t</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 38.0312px;"><span style="font-weight: bolder;">Cu_%</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 42.5417px;"><span style="font-weight: bolder;">Mo_ppm</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 40.8958px;"><span style="font-weight: bolder;">Ag_ppm</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 39.1875px;"><span style="font-weight: bolder;">EAST</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 40.3021px;"><span style="font-weight: bolder;">NORTH</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 37.5729px;"><span style="font-weight: bolder;">RL</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 35.8333px;"><span style="font-weight: bolder;">Azi</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 35.6979px;"><span style="font-weight: bolder;">Dip</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 38.6979px;"><span style="font-weight: bolder;">Hole Depth</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: center; width: 39.3021px;"><span style="font-weight: bolder;">Au_gm</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 2px 1px 1px; font-size: 10px; text-align: center; width: 47.6562px;"><span style="font-weight: bolder;">AuEq_gm</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 2px 2px; font-size: 10px; width: 56.2604px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">153.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">192.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.1458px;">39.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.0</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 42.5417px;">23</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 40.8958px;">2.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 39.3021px;">19</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">39</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 2px 2px; font-size: 10px; width: 56.2604px;">OEDD0069</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">55.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">87.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.1458px;">32.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.05</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 42.5417px;">153.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 39.1875px;">656673</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 40.3021px;">1047344</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">461.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 35.8333px;">35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">113.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 39.3021px;">8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">14</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 2px 2px; font-size: 10px; width: 56.2604px;">OEDD0070*</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">91</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">100</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.1458px;">10</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.14</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.12</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.10</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 42.5417px;">2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 39.1875px;">655294</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 40.3021px;">1048466</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">452.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 35.8333px;">35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">110.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 39.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;"><br /></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0071</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">108.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">115.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">7.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.0</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">45</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">656640</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1047306</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">460.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">179.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">4</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0072</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">110.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">112.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">2.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.38</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.27</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.07</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">143.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">8.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">657639</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1045558</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">465.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;"><br /></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0073</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 38.6979px;">19</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 38.6979px;">56.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 38.1458px;">37.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.77</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 42.5417px;">344</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 1px; font-size: 10px; text-align: right; width: 39.3021px;">19</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">68</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">52</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">56</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.1458px;">4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">1.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.0312px;">2.18</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 42.5417px;">950</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.8958px;">3.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.3021px;">6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">20</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0074</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">242</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">317</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">75</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.34</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">267</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">655911</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1047965</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">448.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">33</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-58</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">338.21</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">132</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">181</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">242</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">294</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">52</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.36</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">307</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">88</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">130</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">272</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">273</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">6.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">5.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.46</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">193</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">2.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">6</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">281</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">282</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">9.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.67</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">644</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">2.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">9</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">300</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">317</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">17</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">235</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">41</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">51</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">305</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">306</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">6.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">5.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.65</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">381</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">2.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">7</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">308</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">309</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">6.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">5.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.69</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">232</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">2.4</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">6</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px 2px 2px; font-size: 10px; width: 56.2604px;"><i>OEDD0075*</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">72</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">86</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.1458px;">14</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.33</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">0.1</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.15</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 42.5417px;">23</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 40.8958px;">0.6</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 39.1875px;">655854</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 40.3021px;">1048203</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 37.5729px;">448</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 35.8333px;">215</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 38.6979px;">152.3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 1px; font-size: 10px; text-align: right; width: 39.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;"><br /></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; width: 56.2604px;">OEDD0076</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">39.25</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">41.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">1.75</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">2.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.43</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">32</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">3.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;">655766</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;">1048079</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">449.8</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;">35</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;">-55</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">254.20</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">3</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">4</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 1px 2px; font-size: 10px; text-align: right; width: 56.2604px;">and</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">194</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;">234</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.1458px;">40</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.9</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;">1.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.0312px;">0.21</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 42.5417px;">118</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.8958px;">1.0</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: right; width: 39.3021px;">62</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 1px 1px; font-size: 10px; text-align: right; width: 47.6562px;">77</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px 2px; font-size: 10px; text-align: right; width: 56.2604px;"><i>Including</i></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">219</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;">231</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.1458px;">12</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">4.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;">4.0</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.0312px;">0.36</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 42.5417px;">322</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.8958px;">1.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.1875px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 40.3021px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 37.5729px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.8333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 35.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 38.6979px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 1px 2px; font-size: 10px; text-align: right; width: 39.3021px;">48</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px 2px 2px 1px; font-size: 10px; text-align: right; width: 47.6562px;">57</td></tr></tbody></table><p style="margin: 20px 0px;"> </p><p style="margin: 20px 0px;"><span style="font-weight: bolder;">The Awalé-Newmont JV - 'Odienné Project JV'</span></p><p style="margin: 20px 0px;">The <span style="font-weight: bolder;">Odienné Project JV</span> covers one permit and one application within the greater Odienné Gold-Copper Project, the greater project consists of a further 4 applications and on option agreement which in the Northwest of Côte d'Ivoire, and is subject to an earn-in agreement with Newmont Ventures Limited ("Newmont"); see <a href="https://api.newsfilecorp.com/redirect/q8eeZhVVW4" style="background-color: transparent; color: #235b59;">company news release dated May 31 2022</a> through which Newmont retains the option to earn-in to a minimum of 65% interest, from Awalé, in the Odienné Project JV in return for USD 15 million of exploration expenditures. Newmont is funding the exploration program and Awalé is managing the Odienné Project JV in the initial three-year phase.</p></div></div><p>ARIC has 63 million shares outstanding, leading to a $16 million market cap. Newmont has a 15% equity stake in the company and currently owns 51% of the JV upon $5 million in exploration in 2023 and 2024. An additional $10 million in exploration expenses is to be made by Newmont to earn another 14%. So with 35% ownership of the JV, ARIC is at little risk of further dilution in the near future. We expect this stock to be north of $0.50 in the near to mid-term. </p><p>Disclosure: We are long ARIC.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-31305964844647293812023-09-20T10:19:00.005-04:002023-09-20T11:41:13.250-04:00With NILI Surging, Harfang Is The Next Lithium Stock To Go On A Run<p>Eleven months ago, <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>we wrote our first of several bullish pieces</b></a> on <b>Surge Battery Metals Inc. (NILI.V) (NILIF)</b> back when the stock was trading at $0.10. These bullish calls culminated with a <a href="https://nasdaqnewsreports.blogspot.com/2022/12/a-second-100-percent-gainer-time-for-a-third.html" target="_blank"><b>$0.75 fair value target</b></a>. Continued <a href="https://money.tmx.com/quote/NILI/news/7251712706352807/Surge_Announces_Highest_Grade_Lithium_Assays_to_Date_with_up_to_8070_ppm_Lithium_in_the_First_2023_Hole_at_Nevada_North_Lithium_Project" target="_blank"><b>successful drill results</b></a> along with strategic financings have resulted in the stock ripping past this $0.75 target, and therefore we have taken our gains. While we wish NILI holders continued luck, we think the easy money has been made after a 650% move from $0.10 to $0.75 and are moving on to better valued lithium plays for now. Between the increased stock price and strategic financings, NILI's market cap has exploded nearly 20 times from $10 million to nearly $200 million. In the drill results announced last week, the company quoted samples as high as 8,000 ppm, but that occurred only over a very short interval. What we were looking for was grade over a material amount of length, and we got it with 4,000 ppm over 42 meters. The issue is that these kind of drill results were part of the expectation of a $0.75 target and $100 million market cap, not nearly double that. </p><p>In a bullish environment for lithium where there are no other cheaper places to park your money, NILI's current valuation would be just fine. But this is in an environment where Lithium Americas Corp. (LAC)(LAC.TO) has flatlined over the past year while the two stocks we frequently cited as more expensive comparables to NILI in our previous posts - Nevada Lithium Resources Inc. (NVLH.CN) and Nevada Sunrise Metals Corporation (NEV.V) - have greatly lagged. Turns out that we were correct in NILI offering far superior upside potential to NVLH and NEV at the time. But now the tables have turned and NILI has gone from being valued equal to or lower than these two stocks to being valued 10x and 20x higher, respectively. NILI is now valued similarly to Brunswick Exploration Inc. (BRW.V)(BRWXF), a company widely considered to have the next Patriot Battery Metals Inc. (PMET.V)(PMETF) potential. It's up to each investor which company they value more, but in our view, BRW is likely the superior company to NILI. Based on some of the hype in social media and pretend knowledge from those who have jumped on the NILI bandwagon over the last few weeks, we think it has turned into a "meme" stock trade as opposed to a speculative value opportunity. Traders should tread carefully especially as financings that were conducted at much lower prices come off of their lock. </p><p>It's going to be very hard for someone buying NILI at this valuation to make five times or more their money as the stock would have to be valued at $1 billion market cap by then. It may eventually happen but it will take years as opposed to weeks or months. The time to buy NILI was when we first called it at $0.10. You make the big money by buying low and selling high. Not buying after a massive run and hype fest on social media and stock chat boards. That's why we took NILI profits as well as profits from other plays and are buying <b>Harfang Exploration Inc. (HAR.V) (HRFEF)</b>. This is an undervalued and relative unknown name in the prolific James Bay area that has encouraging early stage results over at least one kilometer with a strong cash balance. As it is trading at less than 10% of the valuation of BRW and less than 1% of PMET, this is the type of buying opportunity that we saw last October with NILI. We are up to 1,018 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 120 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>Last week, HAR announced the following news:</p><h2 class="NewsArticle__Headline-sc-7h0qio-8 nwdjn"><i>"Harfang Discovers Spodumene (Lithium) in Pegmatite Dykes at Serpent-Radisson Property, Eeyou Istchee James Bay, Québec</i></h2><p align="justify"><i> MONTREAL, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“
<strong>
Harfang
</strong>
” or the “
<strong>
Company
</strong>
”) (TSX-V: HAR) is pleased to announce that its field crew has
discovered several spodumene occurrences in pegmatites in the eastern
part of the Serpent-Radisson Property (the “
<strong>
Property
</strong>
”) located in the Eeyou Istchee James Bay region, Québec. This
discovery was made in the initial days of prospecting and, as a result,
Harfang intends to devote most of its efforts for the remaining
prospecting season to the Property which is already known for its gold
and copper potential (
<a href="https://www.globenewswire.com/Tracker?data=UTpc-xHo-q7zpAExr4L7c18xZm2A0c4DVdTiB-FelF7hevijfOPchJV8B3Hnoj1JPkONzK9Duh8OhX_OQD5bB2XeicynGNBJb5v5O0nt-_siBjmOZydbubygrdSWApUj7S4exnwdoToWzOgXRMSn_TTDYlmoUSJXMNctrYU3e3ZUES49Qop30Q3f02VyAHBHVOUbyVFWexdDUjZdyfDb6Q==" rel="nofollow" target="_blank">
<strong>
Figures 1 and 2
</strong>
</a>
).
<br />
</i></p><p align="justify">
<i><strong>
Highlights
</strong>
</i></p><ul type="disc">
<li style="margin-bottom: 8pt; text-align: justify;"><i>
Discovery of several pegmatite dykes with up to 50% spodumene
crystals mapped at several localities spread over at least 1 kilometre;
</i></li>
<li style="margin-bottom: 8pt; text-align: justify;"><i>
Boulder field containing only angular spodumene-bearing pegmatite
floats of cubic metre dimensions down-ice of the discovery outcrop;
</i></li>
<li style="margin-bottom: 8pt; text-align: justify;"><i>
The discovery occurred at the early stages of the field program on
the Property and surface work is ongoing until the end of the
prospecting season.
<br />
</i></li>
</ul><p align="justify"><i>
Mr. Ian Campbell, President and CEO, commented: “
We are excited about today’s
announcement which represents
o
ne of the very first discoveries of spodumene-bearing pegmatites
since the beginning of the lithium rush in the emerging James Bay
district. We are off to a superb start as our team has only been on this
Property for a few days following the lifting of the lengthy fire ban
and there is a lot of ground to cover. We have felt since last year that
the area of this discovery had excellent potential for the discovery of
LCT pegmatites based on our initial sampling results combined with the
overall favourable geological environment which contains similarities to
the major lithium deposits in James Bay. This discovery area also
contains several high-grade gold showings as well as the compelling
Mista copper target which is drill-ready.”
</i></p><p align="justify">
<i><strong>
From LCT Pegmatites to the Spodumene Discovery
</strong>
</i></p><p align="justify"><i>
The current program confirms, for the first time, the presence of
major lithium mineralization in pegmatite outcrops and boulders. The
lithium mineralization consists of light grey to greenish elongated
spodumene crystals ranging from centimetre size up to 1.40 metres in
length. The spodumene content is highly variable and reaches up to 50%
locally (
<a href="https://www.globenewswire.com/Tracker?data=UTpc-xHo-q7zpAExr4L7c81MzkK2Z0F_-UaPlns-rH2jOqOZboUkfYOMl562W_PuVz7iKcwIRPPmvihzJSsWD8V-iL0N3bDdKUSHuWqOLUujn-ICwzq0Y-sFQpLx7ssrGXO22VF6AViAdsDd3RFuMjJ_feWqwsN-22lNr-EUt3uQJXMYGcKmD_GEkM8HAEPVYQLJ2NS6HyozspMnH3bU4w==" rel="nofollow" target="_blank">
<strong>
Figures 3 to 6
</strong>
</a>
). Mapping to date has confirmed that several pegmatite dykes contain
spodumene at different localities spread over at least 1 kilometre.
Harfang has accelerated its efforts to test the extensions of this
discovery before the prospecting season ends. Pegmatites in the area
contain muscovite with accessory minerals such as tourmaline, garnet,
apatite and beryl. The beryl content reaches up to 10% locally in the
surrounding pegmatites.
</i></p><p align="justify"><i>
The spodumene-bearing boulder field measures about 10-30 metres in
size and is located 30 metres southwest of the discovery outcrop. The
floats in the boulder field are angular, have a cubic metre size and are
exclusively composed of spodumene-bearing pegmatite
<a href="https://www.globenewswire.com/Tracker?data=SgMtPZjyPfpsR-V6SEzPLqzuw1hfSl1zmAcg8xJMD-N-5T9JYh4l_6b5Rm6Mx7I_0xvdacQ3nO5R-WHpzDhEO9wcO824Tp5FLD5emmhuLOv3MjMjRHZDltIT7Das2PydEsF3QNnCYzZbFb8oQg1FwT9PJdG1obllautFxJjc0M5sBGMOu_EAsOXTmDd4ZUTI7780kg1EdSnpzJ_xn0SSPQ==" rel="nofollow" target="_blank">
(
<strong>
Figure 6
</strong>
</a>
). Harfang believes that the boulders have not been transported by
the glacier and hence could indicate the presence of
Lithium-Cesium-Tantalum pegmatites (“
<strong>
LCT pegmatites
</strong>
”) in the underlying bedrock.
</i></p><p align="justify"><i>
Harfang has just started its field campaign on Serpent-Radisson as
part of a follow-up on a reconnaissance campaign done in the eastern
part of the Property during summer 2022 to evaluate the lithium
potential of pegmatites. Grab samples collected during that campaign
showed that these intrusive rocks, which contain highly anomalous
beryllium (up to 25,000 ppm), lithium (up to 1,420 ppm), cesium (up to
998 ppm), tantalum (up to 173 ppm), niobium (up to 278 ppm) and rubidium
(up to 1,095 ppm), fall in the category known as LCT Pegmatites (see
news release dated October 5, 2022).
</i></p><p align="justify"><i>
The field crew is still collecting rock samples on the Property. Analytical results will be disclosed as soon as available.
</i></p><p align="justify">
<i><strong>
Polymetallic Mineralization in Eastern Serpent-Radisson
</strong>
</i></p><p align="justify"><i>
Over the years, diverse styles of mineralization have been highlighted by Harfang in the eastern part of the Property (
<a href="https://www.globenewswire.com/Tracker?data=UTpc-xHo-q7zpAExr4L7c9XAYdZrxUMIBMAKNMLzrUI4FBF8UrLZhVn6_J2sCUhUrtCkt6Lm4nw7OtcLdyv09uZ4OVtvYllYgsIwntTd8rawQzRUD4vZQUUPEMFlVurfrJ_7mNcM2RBBHtcZn0mmPxJ7OWAyhsBH7Qxc3qCf4uLoNl_EOXVqqpixxRrVJvlrpnb_SVzd_uxyfyvMQ1V91A==" rel="nofollow" target="_blank">
<strong>
Figure 2
</strong>
</a>
). Mista is the most significant showing in the area with up to 0.99%
Cu, 0.20 g/t Au and 7.7 g/t Ag over 11.7 metres in width from channel
sampling. This showing consists of a quartz-rich arenite/wacke horizon
injected by quartz veins mapped at the surface over 350 metres in length
and is coincident with an induced polarization chargeability anomaly
obtained from an induced polarization survey. That survey suggests that
the mineralized horizon could be as long as 700 metres with its
strongest chargeability zone, probably related to a higher content in
sulphides, hidden under the overburden cover.
</i></p><p align="justify"><i>
Moreover, the area hosts many high-grade gold occurrences discovered
by Harfang such as Lawr (189 g/t Au, 200 g/t Ag and 1.7% Pb [grab], and
9.79 g/t Au over 1.25 m [channel]), Anaconda Ouest (117 g/t Au), and
Couleuvre (38.40 g/t Au) (see news releases dated October 17, 2019 and
December 10, 2019).
</i></p><p align="justify"><i>
The recent lithium discovery coupled with the already known gold,
copper and silver occurrences considerably enhances the mineral
potential in the eastern part of Serpent-Radisson. This portion of the
Property has received limited field work as the previous focus of the
Company was oriented toward the western half where most of the
exploration work has been conducted since 2020 based on the discovery of
gold-rich till and soil and abundant associated gold occurrences in
bedrock.
</i></p><p>
</p><p align="justify"><i>
The Eeyou Istchee James Bay region is rapidly emerging as a North
American lithium province comparable to some of the largest districts
globally based on the occurrence of several deposits and is experiencing
an exploration rush. Harfang’s Serpent-Radisson Property consists of
988 claims totalling 50,843 hectares and is located proximal to the La
Grande – Opinaca subprovince boundary which is a similar geological
setting to the majority of the lithium deposits in James Bay. A recent
maiden resource estimate by Patriot Battery Metals (“
<strong>
Patriot
</strong>
”) on its CV5 pegmatite (see Patriot's news release dated July 30,
2023) yielded inferred resources of 109.2 Mt at a grade of 1.42% Li
<sub>
2
</sub>
O with a cut-off grade of 0.40%, establishing CV5 as the largest lithium pegmatite resource in the Americas.</i></p><p align="justify"><i> Qualified Person</i></p><p align="justify"><i>The technical information in this news release was prepared and approved by François Huot, professional geologist and Vice President Exploration of Harfang, who is a non-independent qualified person for the technical disclosure as defined by the National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI43-101”).</i></p><p align="justify"><i style="text-align: left;">About Harfang Exploration Inc.</i></p><p align="justify" style="text-align: justify;"><span style="text-align: left;"><i>Harfang Exploration Inc. is well financed with approximately $6.2 M in the treasury as of September 1, 2023 and is a technically driven mineral exploration company with the primary mission to discover ore deposits in Québec and Ontario. The Company is managed by an experienced team of industry professionals with a proven track record of success, controls a portfolio of highly prospective projects and has a strong financial position. Harfang is dedicated to best practices through engagement with all stakeholders and commitment to the environment.</i></span><i>" </i> </p><p>HAR initially spiked from $0.17 to as high as $0.23, but as since pulled back to $0.17, representing an irresistible buying opportunity. This is a carbon copy of the price action we say on NILI back on October 21 of last year as frustrated day traders exited at a loss:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJkqBbAwBcGzslejDu-WINsGMl-vapYxUDpbdaACauLmU5dxSsbw4IQGk86Fo9_rui3eHVXnY2f-wM9LkqGJLO96PWjftERUoqHefQ3OiS0u2fBO1224QZjzc5fegMQaVyyg4RZXfuwpOdIxW_Rn-LQh0l6v3T6f2zeBg2-6wFRgZwJhRwWZ9WoMZO-cH4/s812/NILI.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="261" data-original-width="812" height="129" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJkqBbAwBcGzslejDu-WINsGMl-vapYxUDpbdaACauLmU5dxSsbw4IQGk86Fo9_rui3eHVXnY2f-wM9LkqGJLO96PWjftERUoqHefQ3OiS0u2fBO1224QZjzc5fegMQaVyyg4RZXfuwpOdIxW_Rn-LQh0l6v3T6f2zeBg2-6wFRgZwJhRwWZ9WoMZO-cH4/w400-h129/NILI.jpg" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Even John Kaiser, famous mining podcaster well before YouTube stock bros, <a href="https://www.kaiserresearch.com/s2/KaiserBlog.asp?ReportID=972307&_Type=Kaiser-Blog&_Title=Kaiser-Watch-September-15-2023-Bes" target="_blank"><b>has had bullish words for this discovery</b></a>:</p><p><i>"Although some James Bay juniors have to cool their heels over the next four weeks, others will be very busy with ongoing prospecting of their properties. One of these, whose CEO Ian Campbell claims that his company's properties fall outside areas First Nations have "reserved" for moose hunting, announced on September 13, 2023 that Harfang Exploration Inc had identified outcropping LCT-type pegmatite with a broad range of spodumene crystal sizes associated with a similar boulder field on its Serpent project. Ironically, Serpent was the focus of Harfang's exploration during the past few years based on a gold in till anomaly whose apron highlighted an area in the western part of the property. Drilling failed to yield a commercial scale explanation for the gold anomaly and in late 2021 CEO Francois Goulet chose to retire, which set the stage for a merger between Harfang and another junior with an adjacent property whose CEO Ian Campbell inherited Goulet's job. Goulet in turn went to work for Brunswick which had secured options on land once owned by Andre Gaumond's Virginia Mines and for whom Goulet worked as a junior geologist. Gaumond is the "godfather" of Harfang so it has been a somewhat difficult journey for somebody who was an exploration pioneer in the James Bay region seeking to establish its credibility as a source of precious and base metal mines, only to realize that those annoying pegmatites within the greenstone belts, whose outcropping mosquito and bush free ridges he strictly forbade junior geologists such as his protege Francois Goulet to waste time and money sampling, are in fact the world class foundation of the James Bay district.</i></p><p><i>Campbell was familiar with LCT type pegmatites because he had worked on the Big Whopper pegmatite the late Don Bubar's Avalon discovered in western Ontario in 1996. Once he got his head around the Lithium Mania 2.0 concept he used geology and lake bottom-sediment data to identify several other lithium prospects in the James Bay region he staked for Harfang. But the Serpent property had generated its own reports of pegmatites in the field, so when the forest fire closures ended he sent his boots to this ground first, and, lo and behold, the pegmatite dyke system is extensive, shoots via XRF as LCT type, and has large visible spodumene crystals. Just to make everybody feel stupid, the pegmatite system is located in the southeastern part of the property, far away from the Serpent gold target and the inlier claim owned by the Campbell company Harfang absorbed in 2022 in order to control the entire footprint of the gold system. It is too soon to determine what the average grade of the Serpent pegmatite system will be, or what sort of tonnage footprint it represents, but the market responded positively to it, sending the price from a $0.15-$0.16 range to as high as $0.23 before closing the week at $0.185 where Harfang's Serpent project has an implied value of only $12 million. Given that Harfang has $5 million working capital, multi-project exposure to James Bay, a top notch management team and backers, and now evidence of LCT type pegmatite outcrop on one its 100% owned projects, with boots heading to other projects in the next 6 weeks not impacted by the moose hunt restriction, why is the valuation so cheap?</i></p><p><i>In the case of Harfang it is possible that the selling is by grumpy gold bugs programmatically required to exit anything to do with climate change and energy transition policies. This sort of ideologically driven stock supply should be red meat for the Gamestop crowd; the enemy of the future is selling stock because the company may have a major lithium discovery in the James Bay region! Canadian companies, however, tend to have a different explanation for inexplicable selling activity, and that is the flow-through concept.</i></p><p><i>Canada has a system designed to encourage investment in exploration, where money spent by a junior can be written off against ordinary income by the investor who provided the money, often with a multiplier as is the case with Quebec, with the caveat that the cost base for the equity position becomes zero, so that whatever you sell the flow-thru stock at, all of it is subject to Canadian capital gains tax. Capital gains tax in Canada, however, has no long or short term distinction and has a favorable fixed rate rather than the progressively increasing rate applied to income. This allows all sorts of complicated strategies, though the expected outcome of them all is to postpone tax consequences into the future. This injects into the Canadian resource junior market a perverse investment dynamic that has little to do with fundamental outcome expectations. Harfang has done flow-through financings, so it is at risk of liquidation by shareholder who have neither knowledge about nor interest in Harfang's gold potential, let alone its relatively new lithium potential. Again, this is an opportunity for the Gamestop "Dumb Money", buying stock that the financial engineers are dumping as worthless."</i></p><p>Funny enough Kaiser expects HAR to be the beneficiary of a GameStop-like meme stock run when that's what is appearing to be buoying NILI at the moment. While blaming flow-thru sellers for the pullback and cheap buying opportunity since the news was released. With 61 million shares outstanding, HAR has a $10 million market cap with $6 million cash in the bank and an active exploration program. This is the type of situation we like buying into as the hype of further potential discoveries coupled with the small float and low valuation can make HAR a big runner. </p><p>Disclosure: We are long HAR.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-3893533786853266982023-06-12T22:10:00.009-04:002023-06-12T22:17:39.752-04:00Sintana Energy Warrants Offer Explosive Upside<p>Sintana Energy Inc. (SEI.V) (SEUSF) has been on fire so far in 2023, rising from $0.11 at the start of the year to a $0.27 close today. It has risen on the strength of its offshore oil interests in Namibia, an area of great speculation at the moment thanks to multiple billion barrel finds over the past year. SEI's business model limits cash burn and further dilution as larger partners will be spending the money to drill on the interests. What makes the opportunity even more special is the cheap leveraged upside available to traders. Warrants under the symbol SEI.WT have a strike price of $0.25 and expire in nine months but trade at only $0.05. We are going to focus on the multiple bagger potential of these warrants. We are up to 1,019 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 120 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>Sintana has oil interests in Colombia, but by far the most prospective opportunity is its multiple onshore and offshore holdings in and around the Orange Basin in Namibia. Two multi-billion barrel discoveries were made last year, but it was the <a href="https://www.offshore-mag.com/regional-reports/africa/article/14290627/third-oil-discovery-made-in-namibias-orange-basin" target="_blank"><b>third discovery</b></a> announced in March by state-owned NAMCOR and its partners Shell and QatarEnergy that appeared to be the catalyst for SEI's recent rise in stock price as its <a href="https://www.upstreamonline.com/exclusive/strike-three-shell-scores-its-largest-oil-discovery-yet-in-world-s-top-exploration-hotspot/2-1-1414274" target="_blank"><b>potentially the biggest discovery</b></a> to date.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn3Y1DjfzKvioOSkjBIS9TtUlvvW3_appSeZQ3UGxb8ZYBMgLecHdR_gHdbEdLgoAjOpsMC6ZM5vpXqUX5WR0QwlgAnqSzwI5K8CF_PVGLkKEGXfpm9aBN1XsrGukMXyFIc75-j5af__H6h-B9o_L6C9DsghUqXZjTMDpnaGXTuTcswp2iWpWqFL2PeA/s1233/nam.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="689" data-original-width="1233" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn3Y1DjfzKvioOSkjBIS9TtUlvvW3_appSeZQ3UGxb8ZYBMgLecHdR_gHdbEdLgoAjOpsMC6ZM5vpXqUX5WR0QwlgAnqSzwI5K8CF_PVGLkKEGXfpm9aBN1XsrGukMXyFIc75-j5af__H6h-B9o_L6C9DsghUqXZjTMDpnaGXTuTcswp2iWpWqFL2PeA/w640-h358/nam.jpg" width="640" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn3Y1DjfzKvioOSkjBIS9TtUlvvW3_appSeZQ3UGxb8ZYBMgLecHdR_gHdbEdLgoAjOpsMC6ZM5vpXqUX5WR0QwlgAnqSzwI5K8CF_PVGLkKEGXfpm9aBN1XsrGukMXyFIc75-j5af__H6h-B9o_L6C9DsghUqXZjTMDpnaGXTuTcswp2iWpWqFL2PeA/s1233/nam.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><br /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn3Y1DjfzKvioOSkjBIS9TtUlvvW3_appSeZQ3UGxb8ZYBMgLecHdR_gHdbEdLgoAjOpsMC6ZM5vpXqUX5WR0QwlgAnqSzwI5K8CF_PVGLkKEGXfpm9aBN1XsrGukMXyFIc75-j5af__H6h-B9o_L6C9DsghUqXZjTMDpnaGXTuTcswp2iWpWqFL2PeA/s1233/nam.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><br /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn3Y1DjfzKvioOSkjBIS9TtUlvvW3_appSeZQ3UGxb8ZYBMgLecHdR_gHdbEdLgoAjOpsMC6ZM5vpXqUX5WR0QwlgAnqSzwI5K8CF_PVGLkKEGXfpm9aBN1XsrGukMXyFIc75-j5af__H6h-B9o_L6C9DsghUqXZjTMDpnaGXTuTcswp2iWpWqFL2PeA/s1233/nam.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><br /></a></div><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Reviewing the <a href="https://sintanaenergy.com/wp-content/uploads/2023/06/sintana_corp_presentation_060123r.pdf" target="_blank"><b>company's corporate presentation</b></a>, you get a good sense of where its interests lie relative to these three discoveries. Jonker-1X sits between Graff-1X and Venus-1X, even closer to PEL-83 and PEL-90:</p><p><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDyr5ixKZ9ThQw0IqIorBLNKHbhOmT_Qbvqt1c1GaWoZ6joO-UuPpCwQ0TXDED3cA5T-RWHiOnykpp_UPjx9WuGaVJcH6gW_w1pN-n8HXAwzVM6-uz2mVc9Dapw1_0DFfWaMCHkYaJD6JhyV-dF2st0yKwT0la8r6yTMB6BCDaiKVPlXP12X9s3cnXtw/s1851/nam2.jpg" style="clear: left; display: inline; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="787" data-original-width="1851" height="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDyr5ixKZ9ThQw0IqIorBLNKHbhOmT_Qbvqt1c1GaWoZ6joO-UuPpCwQ0TXDED3cA5T-RWHiOnykpp_UPjx9WuGaVJcH6gW_w1pN-n8HXAwzVM6-uz2mVc9Dapw1_0DFfWaMCHkYaJD6JhyV-dF2st0yKwT0la8r6yTMB6BCDaiKVPlXP12X9s3cnXtw/w640-h272/nam2.jpg" width="640" /></a></p><br /><p>Both are carried by larger players with drilling expected in 2023. However, given how SEI reacted since the announcement of the Jonker-1X find, it doesn't even need news on its own interests to continue its run. Another discovery made in the region will almost certainly lift the stock price, and if it happens to be done by SEI's partners on PEL 83, 87 or 90, the stock will lift into the stratosphere. There are 270 million shares outstanding, 390 million fully diluted when considering all of the options and warrants. A major discovery would most certainly justify a valuation well above SEI's current fully diluted market cap of $105 million.</p><p>This is where the warrants come in. They only trade at $0.05 with a strike price of $0.25. They are already $0.02 in the money and the stock price only needs to move up $0.03, or 11% in the next nine months in order to break even on them. Anything higher than that is profit on the warrants. This chart summarizes the opportunity.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirvs9hAuE3ZS3aD-il7i175dncv1VhDJ6xuR4HvyyPJTsCLn8AzHnwoRBhw1A56ZlMeZrHBri1FfhJkSBSWEfDjEuKviQDv2qgpDiLiHvTQ-c5FmDPUNsyYKFpl9r2kNtfdf4SfqciyLdClgCLVjAp9gtSQIMdGbHMrbOiLWRTDFMbKFRnPYpPoXm6wg/s569/nam3.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="296" data-original-width="569" height="166" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirvs9hAuE3ZS3aD-il7i175dncv1VhDJ6xuR4HvyyPJTsCLn8AzHnwoRBhw1A56ZlMeZrHBri1FfhJkSBSWEfDjEuKviQDv2qgpDiLiHvTQ-c5FmDPUNsyYKFpl9r2kNtfdf4SfqciyLdClgCLVjAp9gtSQIMdGbHMrbOiLWRTDFMbKFRnPYpPoXm6wg/s320/nam3.jpg" width="320" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>If the stock drops to $0.25 or less by next March, the warrants are worthless. However, if an owner of the warrants decides to sell their warrants before expiry, they are likely to recover something from them even if the stock price drops below $0.25. At $0.27, the warrants are worth $0.02. By $0.30 the warrants break even at $0.05. Anything above that and the leveraging opportunity of the warrants becomes apparent. At $0.35, only a 30% upside on the stock from $0.27, the warrants will double. We think that this outcome is very likely to occur given the trend and interest in the Namibian region as well as news of drilling. If the stock reaches $0.50, an 85% increase, the warrants return 400% or five times your money. </p><p>We think that these warrants should be worth at least $0.08 to $0.10 right now, based on the upside leveraging opportunity they provide and the volatility and near-term speculative upside potential of the stock. Three months ago, <a href="http://canadianwarrants.com/values/current.htm#axzz84SEzUZUG" target="_blank"><b>Canadianwarrants.com</b></a> rated these warrants as a bargain and worth $0.04 back when the stock was trading at only $0.14 and the warrants were far out of the money. Now that the warrants are in the money, it's likely the website will value these warrants around the $0.10 mark as we do once they update their chart. </p><p>Disclosure: We are long SEI, SEI.WT. </p><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-87987739307454798292023-04-19T23:47:00.004-04:002023-04-19T23:48:32.727-04:00GSI: Strong Earnings Implies at Least 2x Upside<p>Back in 2019 we wrote a <a href="https://nasdaqnewsreports.blogspot.com/2019/10/a-canadian-stock-hitting-new-highs.html" target="_blank"><b>bullish report</b></a> on <b>Gatekeeper Systems Inc. (GSI.V) (GKPRF) </b>when it was trading at $0.18. A little over a year later and it was up over $1.00. We are looking to repeat that magic as the stock rose 44% to $0.31 today on news of outstanding earnings. We are up to 1,022 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 120 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>From <a href="https://money.tmx.com/en/quote/GSI/news/5467103490599606/Gatekeeper_Reports_97M_Revenue_19M_Net_Income_212_YoY_Growth_in_Fiscal_Q2_2023" target="_blank"><b>today's press release</b></a>:</p><h2 class="sc-dyExid jEGMWH" style="background-color: #f6f7f8; border-bottom: 2px solid rgb(192, 197, 205); color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 24px; letter-spacing: 0.4px; line-height: 32px; margin: 0px 0px 5px; padding: 0px 0px 10px;">Gatekeeper Reports $9.7M Revenue, $1.9M Net Income, 212% YoY Growth in Fiscal Q2 2023</h2><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Abbotsford, British Columbia--(Newsfile Corp. - April 19, 2023) - <span style="font-weight: bolder;">Gatekeeper Systems Inc. </span><span style="font-weight: bolder;">(TSXV: GSI) (OTC Pink: GKPRF)</span><span style="font-weight: bolder;"> ('Gatekeeper' or the 'Company')</span>,<span style="font-weight: bolder;"> </span>a video and data solutions provider for public transportation and smart cities, reports its financial results for the three and six months ended February 28, 2023.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Highlights for Second Fiscal Quarter Ended February 28, 2023:</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>Revenue for the three and six months ended February 28, 2023 was $9,685,773 and $14,570,831 respectively, the highest in the Company's history and compares to $3,104,308 and $5,803,897, respectively, for the three and six months ended February 28, 2022, representing an increase of 212% and 151% respectively;</li><li>Gross margin for the three months and six months ended February 28, 2023 was $4,545,579 and $6,091,697, respectively, the highest in the Company's history, and compares to $981,111 and $2,700,550 for the same prior year comparable periods, representing an increase in gross margin of 363% and 126%, respectively;</li><li>Gross margin as a percentage of revenue for the three and six months ended February 28, 2023 was 47% and 42%, respectively, compared to 32% and 47% for the same prior year comparable periods;</li><li>Total comprehensive income for the three and six months ended February 28, 2023 was $1,865,904 and $1,779,890, the highest in the Company's history, and compares to total comprehensive loss of $666,208 and $483,115 for the same prior year comparable periods;</li><li>For the trailing twelve months ended February 28, 2023, revenue was $28,798,222, gross margin was $12,699,960, and total comprehensive income was $4,192,185;</li><li>At February 28, 2023, the Company had working capital of $12,233,848 and approximately 91.4 million shares outstanding.</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Management Commentary</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Doug Dyment, President and CEO, commented, "Our financial performance in the second fiscal quarter of 2023 was record-breaking in all aspects. We are witnessing significant growth in both the transit and school segments of our business. Our Platform as a Service (PAAS) business model is proving to be very successful in increasing our revenues on a per bus/train basis and is solidly contributing to our evolution as a data company. During the quarter we increased the installed base of mobile data collectors to more than 47,000 and we successfully completed a $4 million contract which was one of the largest in our history. During the quarter we launched AI Dash Cam with video analytics for improved safety which is receiving strong customer interest."</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Selected Financial Information</span></p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-top: 2px solid rgb(0, 0, 0); vertical-align: bottom;"> </td><td align="center" style="border-top: 2px solid rgb(0, 0, 0); vertical-align: bottom;"> </td><td align="center" colspan="4" style="border-top: 2px solid rgb(0, 0, 0); vertical-align: bottom;"> </td><td align="center" style="border-top: 2px solid rgb(0, 0, 0); vertical-align: bottom;"> </td><td align="center" style="border-top: 2px solid rgb(0, 0, 0); vertical-align: bottom;"> </td><td align="center" colspan="4" style="border-top: 2px solid rgb(0, 0, 0); vertical-align: bottom;"> </td><td align="center" style="border-top: 2px solid rgb(0, 0, 0); vertical-align: bottom;"> </td></tr><tr><td style="vertical-align: bottom;"></td><td align="center" colspan="1" style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td align="center" colspan="4" style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"><span style="font-weight: bolder;">For the three months ended</span></td><td align="center" colspan="1" style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td align="center" colspan="1" style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td align="center" colspan="4" style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"><span style="font-weight: bolder;">For the six months ended</span></td><td align="center" colspan="1" style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom;"><span style="font-weight: bolder;">February 28,<br /></span><span style="font-weight: bolder;">2023</span></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom;"><span style="font-weight: bolder;">February 28,<br /></span><span style="font-weight: bolder;">2022</span></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom;"><span style="font-weight: bolder;">February 28,<br /></span><span style="font-weight: bolder;">2023</span></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom;"><span style="font-weight: bolder;">February 28,<br /></span><span style="font-weight: bolder;">2022</span></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td></tr><tr><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 8.59375px;"> </td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"> </td><td style="vertical-align: bottom; width: 8.59375px;"> </td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"> </td><td style="vertical-align: bottom; width: 8.59375px;"> </td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"> </td><td style="vertical-align: bottom; width: 8.59375px;"> </td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"> </td></tr><tr><td style="vertical-align: bottom;"><span style="font-weight: bolder;">Revenue</span></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">9,685,773</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">3,104,308</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">14,570,831</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">5,803,897</td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"><span style="font-weight: bolder;">Cost of Sales</span></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;">5,140,194</td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;">2,123,197</td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;">8,479,134</td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;">3,103,347</td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="vertical-align: bottom;"><span style="font-weight: bolder;">Gross Profit</span></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">4,545,579</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">981,111</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">6,091,697</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">2,700,550</td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="vertical-align: bottom;"><i><span style="font-weight: bolder;">Gross Margin</span></i></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"><i>47%</i></td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"><i>32%</i></td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"><i>42%</i></td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"><i>47%</i></td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="vertical-align: bottom;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="vertical-align: bottom;"><span style="font-weight: bolder;">Expenses</span></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">2,404,408</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">1,953,505</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">4,569,129</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">3,656,644</td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 8.59375px;"> </td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"> </td><td style="vertical-align: bottom; width: 8.59375px;"> </td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"> </td><td style="vertical-align: bottom; width: 8.59375px;"> </td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"> </td><td style="vertical-align: bottom; width: 8.59375px;"> </td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"> </td></tr><tr><td style="vertical-align: bottom;"><span style="font-weight: bolder;">Operating Income (Loss)</span></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">2,141,171</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">(972,394</td><td style="vertical-align: bottom; width: 17.1979px;">)</td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">1,522,568</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">(956,094</td><td style="vertical-align: bottom; width: 17.1979px;">)</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"><span style="font-weight: bolder;">Total Comprehensive Income (Loss) for the period</span></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;">$</td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;">1,865,904</td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;">$</td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;">(666,208</td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;">)</td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;">$</td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;">1,779,890</td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;">$</td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;">(483,115</td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;">)</td></tr><tr><td style="vertical-align: bottom;"><span style="font-weight: bolder;">Earning (Loss) per share -</span></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="margin-left: 20px; text-indent: 5%; vertical-align: bottom;"><span style="font-weight: bolder;">Basic</span></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">0.02</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">(0.00</td><td style="vertical-align: bottom; width: 17.1979px;">)</td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">0.02</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">(0.00</td><td style="vertical-align: bottom; width: 17.1979px;">)</td></tr><tr><td style="text-indent: 5%; vertical-align: bottom;"><span style="font-weight: bolder;">Diluted</span></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">0.02</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">(0.00</td><td style="vertical-align: bottom; width: 17.1979px;">)</td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">0.02</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">(0.00</td><td style="vertical-align: bottom; width: 17.1979px;">)</td></tr><tr><td style="vertical-align: bottom;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"><span style="font-weight: bolder;">February 28,</span><br /><span style="font-weight: bolder;">2023</span></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"><span style="font-weight: bolder;">August 31,</span><br /><span style="font-weight: bolder;">2022</span></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 1px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="vertical-align: bottom;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="vertical-align: bottom;"><span style="font-weight: bolder;">Total Assets</span></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">18,303,587</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;">$</td><td style="text-align: right; vertical-align: bottom; width: 86px;">23,016,204</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="vertical-align: bottom;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="vertical-align: bottom;"><span style="font-weight: bolder;">Total Liabilities</span></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">3,938,642</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;">10,470,109</td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="vertical-align: bottom;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td><td style="vertical-align: bottom; width: 8.59375px;"></td><td style="text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="vertical-align: bottom; width: 17.1979px;"></td></tr><tr><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom;"><span style="font-weight: bolder;">Total Shareholders' Equity</span></td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;">$</td><td style="border-bottom: 2px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;">14,364,945</td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;">$</td><td style="border-bottom: 2px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;">12,546,095</td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 2px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; width: 8.59375px;"></td><td style="border-bottom: 2px solid rgb(0, 0, 0); text-align: right; vertical-align: bottom; width: 86px;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; width: 17.1979px;"></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Full details of the financial reports and operating results for the fiscal second quarter ended February 28, 2023, are described in the Company's unaudited interim consolidated financial statements with accompanying notes and related Management's Discussion and Analysis, available on SEDAR at <a href="https://api.newsfilecorp.com/redirect/7evbOi3333" style="background-color: transparent; color: #235b59;">www.sedar.com</a>.</p><p>Revenues, gross margins and net income are all up substantially. Liabilities have cratered as the company has been dedicating earnings to paying off debt. A smart move in a rising interest rate environment. The $1.9 million in net income translates to $0.02 EPS. The $9.7 million in revenue for one quarter compares quite well to the $28.3 million in market cap at $0.31. </p><p>Annualizing these numbers and you get an EPS of $0.08 and revenue of $39 million. GSI doesn't have a lot of seasonality to its figures, but the second quarter ending February tends to be the weakest quarter when looking at 2021 and 2022. So if it can repeat or better these numbers in future quarters, this would justify at least a doubling in the stock price. An annualized EPS of $0.08 would lead to a very reasonable multiple of 12.5x in order to see the stock return to $1.00 again. </p><p>Disclosure: We are long GSI.V</p><p><br /></p><p><br /></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-64661159618083096852023-03-22T23:10:00.004-04:002023-03-23T00:05:02.200-04:00GBML Gets One Step Closer to Becoming the Next PMET<p>Back on January 18, <a href="https://nasdaqnewsreports.blogspot.com/2023/01/gbml-next-nili-or-pmet.html" target="_blank"><b>we first called</b></a> <b>Global Battery Metals Ltd. (GBML.V)(REZZF) </b>at $0.18. Since then, the stock has had some ups and downs with the market, reaching as high as $0.28 and as low as $0.14 before bouncing back to $0.19 on Wednesday. Samples taken at GBML's North-West Leinster Lithium Project in Ireland exhibited traits similar to <b>Patriot Battery Metals Inc. (PMET.V)(PMETF)</b>'s Corvette Property in Quebec, <a href="https://money.tmx.com/en/quote/GBML/news/6272705128967855/Global_Battery_Metals_Reports_High_Grade_Lithium_Assays_Returned_Surface_Samples_Up_to_375_Li2O_From_NW_Leinster_Lithium_Project" target="_blank"><b>with sample sizes up</b></a> to 3.75% Li2O or 17,410 ppm. While these samples show potential, GBML is at the very early stages with this project and has a long way to go before getting into the same conversation as PMET. However, this most recent update gets the company one step closer to a large discovery on the European continent where the EU will be as aggressive, if not more, than the United States in trying to secure critical metals. As GBML's market cap sits under $15 million and PMET around $1 billion, there is a lot of room for upside in GBML even if it falls short of becoming the next PMET. </p><p>GBML has an option to earn up to a 90% interest on North-West Leinster, and it isn't the company's only lithium project. It owns and has near term drilling plans on the Lithium King Project in Utah, which is in close proximity to the Nevada North Project of <b>Surge Battery Metals Inc. (NILI.V) (NILIF)</b>. See <a href="https://nasdaqnewsreports.blogspot.com/2023/02/gbml-next-nili-or-pmet-could-be-both.html" target="_blank"><b>our post here</b></a> for more details on this project. It <a href="https://gbml.ca/projects/la-poile-lithium/" target="_blank"><b>also has</b></a> a lithium project in Newfoundland and two copper or nickel interests. We are up to 1,014 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 120 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>The company issued <a href="https://money.tmx.com/en/quote/GBML/news/8265137787344501/Global_Battery_Metals_Announces_Positive_Geochemical_Survey_Results_and_Plans_for_Expanded_Leinster_Lithium_Project_Drill_Program" target="_blank"><b>the following news release</b></a> on Monday:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Vancouver, British Columbia--(Newsfile Corp. - March 20, 2023) - <a href="https://api.newsfilecorp.com/redirect/OL1EBtLanP" style="background-color: transparent; color: #235b59;"><span style="font-weight: bolder;">Global Battery Metals Ltd.</span></a> (TSXV: <span style="font-weight: bolder;">GBML</span>)<span style="font-weight: bolder;"> </span>(OTCQB:<span style="font-weight: bolder;"> REZZF</span>) (FSE:<span style="font-weight: bolder;"> REZ</span>) (the "<span style="font-weight: bolder;">Company</span>" or "<span style="font-weight: bolder;">GBML</span>"), a critical mineral exploration company focused on growth-oriented lithium and other battery metal projects, announces multiple drill targets and the potential discovery of up to six LCT (lithium-cesium-tantalum) pegmatite dikes extending across a prospective lithium trend at Prospecting Licence Area 1597 ("<span style="font-weight: bolder;">PLA 1597</span>"), have now been identified through the return of favourable test results at its Leinster Lithium Project (the "<span style="font-weight: bolder;">Property</span>" or the "<span style="font-weight: bolder;">Project</span>").</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Following the previously reported identification of a lithium bearing spodumene pegmatite surface boulder train on PLA 1597, key updates include:</p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>A detailed deep overburden (base of till) program was recently completed for a total of 373 samples covering an area of 600m x 450m over the location of an extensive spodumene pegmatite float boulder train and an associated historically reported trenched bedrock occurrence;</li><li>The interpreted geochemical results indicate the potential discovery of up to six LCT (lithium-cesium-tantalum) pegmatite dikes across the Knockeen target area;</li><li>Follow-up drill program plans, currently calling for up to nine drill pads (with two holes planned per pad), are being finalized;</li><li>ALS Laboratories (Loughrea, Ireland) analysis included comprehensive testing for a specific suite of elements which includes lithium as well as multiple rare earth elements of which cesium and tantalum are typically associated with this type of LCT Pegmatite target;</li><li>Drilling permit submissions are being finalized and will be submitted to the governmental regulatory body as part of the due process for standard screening procedures for drilling programs in Ireland and Europe; and</li><li>A local area drill contractor's availability has been secured and will be mobilized as soon as the permitting is completed.</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Michael Murphy, CEO of GBML, said, "These results are both exciting and informative. The deep overburden samples have helped us to zero in on a distinct set of drill targets and the Company has ambitious plans for spring drilling. The potential to drill up to six interpreted dikes along a lithium anomaly trend line across this claim has the team highly motivated about the entire property. We are told the drill permitting process in these areas of Ireland is relatively straightforward and our paperwork is being prepared with the intent to submit in a matter of days. Based on all of our research and testing, the potential to uncover further significant lithium occurrences along the recognized regional scale south-east Leinster LCT pegmatite corridor is a real possibility. Needless to say, we will be moving quickly to verify what we believe we are into."</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Exploration to date has included surface lithogeochemical sampling with an associated detailed deep overburden sampling grid - both yielding excellent results and when combined potentially confirming the presence of multiple LCT pegmatite dikes below surface at the Knockeen target on PLA 1597. The pegmatite dike targets are intrusive bodies that typically form swarms of several separate dikes which range in thickness and cross cut the granitic and metasedimentary host rocks. The dikes are typically composed of Spodumene (lithium aluminium silicate in the pyroxene family) as well as accessory minerals including quartz, feldspars and micas. While the lithium content of the samples collected to date are at very significant grades, the supporting trace element geochemistry of the other elements including the Rare Earth Elements (REEs) that occur naturally at very low levels are very important and significant indicators providing corroborative evidence for the presence of the dikes.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_001full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_001.jpg" src="https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_001.jpg" style="border-style: none; border-width: 0px;" /></a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><span style="font-weight: bolder;">Figure 1: Deep Overburden sampling grid showing anomalous lithium (ppm)in linear trends </span><span style="font-weight: bolder;">across the Knockeen Prospect.</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of this graphic, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_001full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_001full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Knockeen Prospect has now reached a significant confidence level to plan a staged diamond core drilling program to test the six anomalous geochemical trends. The drill program parameters are being finalized, including plans accounting for up to nine drill pad locations, and discussions are in hand with a drilling contractor. The drilling screening process has commenced with the governmental regulatory body. This process is a standard procedure for all drill programs in Ireland and across Europe.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">During the recent and ongoing fieldwork, a total of 66 rock samples were collected and analysed. Assay results of the samples by ALS Laboratories reported Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O% lithium contents ranging up to 3.75 % Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O as reported in the <a href="https://api.newsfilecorp.com/redirect/PMAg5i08jg" style="background-color: transparent; color: #235b59;">press release date January 18, 2023</a>.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">In conjunction with this work, the detailed grid comprising of 373 deep overburden (base of till) samples were collected over a closely spaced sample grid over 600m x 450m covering the area of the historical trench as well as the spodumene pegmatite float boulders. The results have been very encouraging and the multi-elemental results have been interpreted to show up to six clear linear anomalous trends, which are anomalous in lithium, as well as the supporting REE elements of cesium and tantalum, which combine to indicate the potential presence of LCT signature pegmatite dykes at shallow depths of between 1m - 7m below ground surface.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The area of the exploration is centred on a locality where a forty-year-old historical company report described a trench excavated at Knockeen Townland which uncovered in bedrock, a 1.8m wide spodumene-bearing pegmatite vein. However, no detailed laboratory assays or geological maps of the trench were reported at that time.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_002.jpg" src="https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_002.jpg" style="border-style: none; border-width: 0px;" /></a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><span style="font-weight: bolder;">Figure 2: Location of the Knockeen prospect on PLA 1597 showing pegmatite analytical results* and the deep overburden sampling grid (*results previously reported PR 18/01/2023)</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of this graphic, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_002full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_003.jpg" src="https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_003.jpg" style="border-style: none; border-width: 0px;" /></a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><span style="font-weight: bolder;">Figure 3: Deep Overburden sampling (top) and </span><span style="font-weight: bolder;">Spodumene pegmatite samples from Knockeen (bottom)</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of this graphic, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/159058_49ecfa0ef48dd9c3_003full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Please see the Company's <a href="https://api.newsfilecorp.com/redirect/w2NVmI7ONr" style="background-color: transparent; color: #235b59;">NW Leinster Project Overview</a> for additional program details, in addition to the latest version of the <a href="https://api.newsfilecorp.com/redirect/gxpBZTw2Rj" style="background-color: transparent; color: #235b59;">Company's Investor Presentation</a> available for download from the GBML website (<a href="https://api.newsfilecorp.com/redirect/p4xOzurVgn" style="background-color: transparent; color: #235b59;">www.gbml.ca</a>).</p><p>When news of the samples were first announced, the company had identified one potential dike from which the samples may have originated from. Now a deep overburden sampling program was completed with 373 samples being taken across an area of 600m x 450m. Six dikes in total have been discovered, and now the company had a pretty clear two-dimensional view of a lithium anomaly trend line. The next stage is to turn that two dimensional view into a three dimensional one. Find out the length of the resource beneath the surface. The company plans to drill 18 holes across the six dikes once it gets the permits in order. This should be on a timeline of weeks. So we expect continued speculation on the stock, and it to rise throughout Q2 upon announcement that drilling is complete and the results are pending. </p><p>GBML's CEO Michael Murphy has been active in getting the word out on these sample results as well as near term drilling plans for the Ireland and Utah properties. <a href="https://www.youtube.com/watch?app=desktop&v=5fengwXkhT4" target="_blank"><b>Click here to view the interview </b></a>conducted by Penny Queen or watch it below. While there is speculation potential over the near-term drilling plans, shareholders can also be assured that Murphy confirmed that he was offered and declined financings. Between the existing cash balance and warrant exercises, the company has enough cash to fund these programs.</p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/5fengwXkhT4" width="320" youtube-src-id="5fengwXkhT4"></iframe></div><p>Disclosure: We are long GBML.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-50824506661965722952023-02-08T16:06:00.009-05:002023-02-08T16:12:26.829-05:00GBML: The Next NILI or PMET? Could be Both<p>Back on October 21, <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>we first announced our bullish call</b></a> on <b>Surge Battery Metals Inc. (NILI.V) (NILIF)</b> when it was $0.10. At the time it was based on samples within drill results that showed as high as 4,500 ppm of lithium in 5 foot intervals. The stock stayed in the 10 cent range for a couple of weeks before rocketing up as high as $0.46 as the drill results started coming in and hype reached fever pitch. <b>Global Battery Metals Ltd. (GBML.V)(REZZF)</b> is in a very similar situation to NILI back a few months ago. Since <a href="https://nasdaqnewsreports.blogspot.com/2023/01/gbml-next-nili-or-pmet.html" target="_blank"><b>we first called it</b></a> on January 18 at $0.18, the stock spent a couple of weeks churning in the $0.16 to $0.20 range. 1.3 million warrants with a strike price of $0.18 were to expire on February 8. Given the extremely short time frame left to these warrants, it made sense that warrants holders would sell stock at $0.20 and lock in a couple of pennies profit by exercising them, rather than letting them expire. With these warrants likely exercised and in the rear view mirror, the overhang of shares is no longer an issue. With GBML having broken out above $0.20 over the past couple of days, we think it's perfectly set up to go on a run in a similar way to NILI. The stock closed today at $0.22, the highest close it's had since we first wrote about it. </p><p>We think that GBML has great potential to become the next big lithium junior after announcing outstanding sample grades of lithium in their large property in Ireland. Grades that are several times higher than NILI's and are closer to the type of grades seen from <b>Patriot Battery Metals Inc. (PMET.V)(PMETF)</b>. We initially considered GBML to have potential to be the next NILI <i>or</i> PMET, but after further research on its two lithium properties and interviews from the CEO, we think it has potential to be the next NILI <i>and</i> PMET. At a $15 million market cap, GBML is an absolute steal. We are up to 1,014 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 118 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>Why do we say that GBML has the potential to be the next NILI and PMET? Simple, the company is actively drilling in two properties that share characteristics to the main properties for each of these stocks. The Lithium King Project in Utah and the North-West Leinster Lithium Project in Ireland which is where the high grade samples were taken. GBML's CEO Michael Murphy has been active in getting the word out on these sample results as well as near term drilling plans for both properties. <a href="https://www.youtube.com/watch?app=desktop&v=5fengwXkhT4" target="_blank"><b>Click here to view the interview</b></a> conducted by Penny Queen or watch it below. While there is speculation potential over the near-term drilling plans, shareholders can also be assured that Murphy confirmed that he was offered and declined financings. Between the existing cash balance and warrant exercises, the company has enough cash to fund these programs.</p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/5fengwXkhT4" width="320" youtube-src-id="5fengwXkhT4"></iframe></div><p>First we'll talk about the Lithium King Project in Utah. Ourselves and other NILI investors have made a point about NILI's Nevada North Project being in reasonably close proximity to Thacker Pass. But also far away enough in an unexplored region that it has unknown and untapped upside potential. When looking at a map, we see that GBML's Lithium King is actually much closer to Nevada North than Thacker Pass is:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbRMQn5nF0InQJakM19B6LcKnzhEppHjMr8ywSu0fQHYbG7CxndrAcQur_nRq3cvdWKNAt3vBdmYySdBINrnZRJhrTRI8vT0dntzvYU95L9yGr2c6cmqlrFpTTHC5x59jC-X_HK_homyvYjbWK6VshUzxr4qDEPAwv7Xo8Du8PH11ovS1wkvCcbd8lqw/s763/location.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="519" data-original-width="763" height="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbRMQn5nF0InQJakM19B6LcKnzhEppHjMr8ywSu0fQHYbG7CxndrAcQur_nRq3cvdWKNAt3vBdmYySdBINrnZRJhrTRI8vT0dntzvYU95L9yGr2c6cmqlrFpTTHC5x59jC-X_HK_homyvYjbWK6VshUzxr4qDEPAwv7Xo8Du8PH11ovS1wkvCcbd8lqw/w400-h272/location.jpg" width="400" /></a></div><br /><p><br /></p><p> </p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>So when we are talking about NILI's resource and how it may be the best new find there is, especially relative to its market cap, there is a decent chance that Lithium King will have similar kind of results. Murphy stated that historical USGS logs had samples as high as 1,200 ppm lithium starting 10 meters deep. This is similar depth as NILI's findings, though on the lower end of NILI's grade range. Murphy spoke well of Utah's Bureau of Land Management and expects drilling to be able to start in several weeks. The expectation is to drill down to 1,000 meters on the property, so we will see if grades improve as they so often do with many of the Nevada projects once you dig down below 100 meters. </p><p>GBML's North-West Leinster Lithium Project in Ireland exhibits traits similar to PMET's Corvette Property in Quebec, with sample sizes up to 3.75% Li2O or 17,410 ppm. The <a href="https://money.tmx.com/en/quote/GBML/news/6272705128967855/Global_Battery_Metals_Reports_High_Grade_Lithium_Assays_Returned_Surface_Samples_Up_to_375_Li2O_From_NW_Leinster_Lithium_Project" target="_blank"><b>news from a few weeks ago</b></a>: </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Highlights Include:</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>Of the 66 total surface samples analyzed, assay results show that 47 returned grades above 1% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O - with grades as high as 3.75% and 3.63% (source: ALS Laboratories, Loughrea, Ireland)</li><li>Knockeen and Carriglead Prospects are reported at:<ul><li>Knockeen: Out of a total of 56 samples, 41 samples graded above 1% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O, of which 20 graded above 2% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O and of which two graded above 3% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O (Sample AES 63003 (3.63% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O) and Sample AES 63033 (3.75% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O))</li><li>Carriglead: out of a total of 10 samples, six samples graded above 1% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O, of which one sample analysed above 2% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O (Sample AES63504 (2.09% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O))</li></ul></li><li>The program of intensive prospecting has consolidated the extent of the spodumene pegmatite boulder train at surface and significantly enhanced the resolution of the dispersion zone</li><li>The known extent of the boulder train is now over 1km in length from NE to SW, 0.5km from NW to SE and is still open in all directions at Knockeen</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Vancouver, British Columbia--(Newsfile Corp. - January 18, 2023) - <a href="https://www.newsfilecorp.com/redirect/gxaY0TwXnp" style="background-color: transparent; color: #235b59;"><span style="font-weight: bolder;">Global Battery Metals Ltd.</span></a> (TSXV: <span style="font-weight: bolder;">GBML</span>) (OTCQB:<span style="font-weight: bolder;"> REZZF</span>) (FSE:<span style="font-weight: bolder;"> REZ</span>) (the "<span style="font-weight: bolder;">Company</span>" or "<span style="font-weight: bolder;">GBML</span>"), a critical mineral exploration company focused on growth-oriented lithium and other battery metal projects, announces initial field exploration assay results (see Table 1) from its North-West Leinster Lithium Project (the "<span style="font-weight: bolder;">Property</span>" or the "<span style="font-weight: bolder;">Project</span>"), focused primarily on Prospecting Licence Area ("<span style="font-weight: bolder;">PLA</span>") 1597 in Ireland.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Sampling Program Highlights</span></p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;"><span style="font-weight: bolder;">Sample_ID</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;"><span style="font-weight: bolder;">Li_ppm</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;"><span style="font-weight: bolder;">Li</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">2</span></span><span style="font-weight: bolder;">O%</span>*</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63003</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">17,410</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">3.75</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63033</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">16,860</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">3.63</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63519</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">13,160</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.83</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63015</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">13,050</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.81</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63029</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.78</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63042</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,580</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.71</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63014</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,200</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.63</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63021</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,040</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.59</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63018</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">11,980</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.58</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63011</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">11,820</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.54</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 1: Highlight results from the prospecting program (December 2022)<br />* Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O % = Li ppm % (x 2.153)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">A full list of comprehensive results can be found in Appendix 1.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">"The high-grade assay results from our most recent surface sampling program are extremely encouraging and reassure our early diligence in the Project," said Michael Murphy, Chief Executive Officer of GBML. "The strong concentration of confirmed lithium-bearing pegmatites is helping the team target the source and plan a strong drilling campaign to test the limits of the Property. We look forward to receiving our overburden assay results."</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Field Exploration Program Update</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">PLA 1597 forms part of the Company's Property exploration block, which is operated under an exclusive Option and Earn-in agreement with Technology Minerals Plc, the first-listed UK company focused on creating a sustainable circular economy for battery metals, and its wholly owned subsidiary LRH Resources Limited ("<span style="font-weight: bolder;">LRH</span>").</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The current phase of detailed exploration work is centred on an area where a forty-year-old historical company report<span style="font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">1</span> described a trench excavated at Knockeen Townlands on PLA 1597 (Figure 1) which, uncovered in bedrock, exposed a 1.8m wide spodumene-bearing pegmatite vein. However no detailed laboratory assays or geological maps of the trench were reported at that time. Historical prospecting around the trench also reported the occurrence of up to 10 large boulders of spodumene bearing pegmatite at surface.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The current exploration program carried out under LRH management by Aurum Exploration Services Limited included an initial reconnaissance visit in July 2022 totalling six samples. This was followed by a more detailed prospecting and lithogeochemical survey on two areas at Knockeen and Carriglead Townlands in December 2022 and totalling 66 samples (Figure 1 and Table 2).</p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Prospect</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">No</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Carriglead</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">2</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Knockeen</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">4</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Prospect</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">DD Sampling July 2022</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">No</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Carriglead</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">10</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Knockeen</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">56</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Prospect</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">No</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Carriglead</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Total</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">12</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Knockeen</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Total</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">60</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 2: Results from reconnaissance prospecting (July 2022 and December 2022)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Preliminary Reconnaissance July 2022</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Two areas at Knockeen and Carriglead Townlands were targeted with an initial reconnaissance visit in July 2022, during which six samples - four at Knockeen and two at Carriglead - were collected. Analytical results confirmed the presence of the historically reported spodumene pegmatite boulder train and returned very significant grades of Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O in all the samples. These results have been reported previously but are reproduced here for continuity (Table 3).</p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Sample_ID</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li_ppm</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">2</span></span><span style="font-weight: bolder;">O_%</span>*</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;"><span style="font-weight: bolder;">Prospect</span></td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL05</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">13,700</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.95</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,200</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.41</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL04</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,000</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.37</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,240</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.70</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">AES61138</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,470</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.61</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Carriglead</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">AES61137</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,550</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.76</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Carriglead</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 3: Results from reconnaissance prospecting (July 2022)<br />* Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O % = Li ppm % (x 2.153)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">December 2022 Detailed Prospecting and Lithogeochemistry</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">In December 2022 an extensive prospecting and lithogeochemistry survey was completed covering the two areas identified during the reconnaissance program. A total of 56 samples were collected at Knockeen and 10 at Carriglead. The results were highly encouraging with coherent boulder trains of spodumene bearing lithium pegmatites mapped out across the prospects. The highlight sample results are shown in Table 1 and the full results are appended in Appendix 1 to this release in Tables and 4 and 5 with associated maps showing the locations in Figures 2 (Knockeen) and Figures 3 (Carriglead) below.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Figure 1: Location of the Knockeen and Carriglead target areas PL 1597 showing sample locations</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 1, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Figure 2: Location of samples and assay results from the Knockeen target area</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 2, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Figure 3: Location of samples and assay results from the Carriglead target area</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 3, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Photo 1: Spodumene pegmatite samples from Knockeen and Carriglead</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Photo 1, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Please see the Company's <a href="https://www.newsfilecorp.com/redirect/p4jYKIrJ8y" style="background-color: transparent; color: #235b59;">NW Leinster Project Overview</a> for additional program details, in addition to the latest version of the <a href="https://www.newsfilecorp.com/redirect/Yza3RI3mNJ" style="background-color: transparent; color: #235b59;">Company's Investor Presentation</a> available for download from the GBML website (<a href="https://www.newsfilecorp.com/redirect/0KQ3EfXA1r" style="background-color: transparent; color: #235b59;">www.gbml.ca</a>).</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">Appendix 1: Analytical Results</p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;"><span style="font-weight: bolder;">Sample_ID</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li_ppm</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li2O%*</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Prospect</span></td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63003</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">17,410</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3.75</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63033</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">16,860</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3.63</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63519</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">13,160</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.83</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63015</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">13,050</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.81</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63029</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.78</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63042</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,580</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.71</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63014</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,200</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.63</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63021</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,040</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.59</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63018</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,980</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.58</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63011</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,820</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.54</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63023</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,620</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.50</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63028</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,580</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.49</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63041</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,570</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.49</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63037</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,510</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.48</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63016</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,460</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.47</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63044</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,340</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.44</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63012</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,180</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.41</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63008</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">9,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.14</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63048</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">9,520</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.05</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63043</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">9,360</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63027</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,820</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.90</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63046</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,790</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.89</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63516</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,370</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.80</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63036</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,300</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.79</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63007</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,090</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.74</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63026</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,030</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.73</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63010</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,890</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.70</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63517</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,910</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.70</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63512</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,840</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.69</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63017</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,550</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.63</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63520</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,370</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.59</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63049</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,100</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.53</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63515</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,040</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.52</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63024</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">6,190</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.33</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63031</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">6,140</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.32</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63013</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">5,720</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.23</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63019</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">5,420</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.17</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63030</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">5,300</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.14</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63034</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,960</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.07</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63039</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,790</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,710</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.01</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63514</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,300</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.93</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63045</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,290</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.92</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63025</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,940</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.85</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63032</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,550</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.76</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63035</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2,680</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.58</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63009</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.41</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63047</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1,480</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.32</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63038</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">450</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.10</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63001</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">120</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63002</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">120</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63004</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">120</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63005</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">130</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63513</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">100</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63518</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">80</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63006</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">60</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.01</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen<br /><br /></td></tr></tbody></table><p>Lithium mining and exploration is well underway in South America, Nevada and Quebec, but looking for lithium in Ireland is a relatively new play. That's what could make GBML's North-West Leinster Lithium Property - and by extension its stock - so special. In a previous <a href="https://themarketherald.ca/global-battery-metals-reports-high-grade-lithium-assays-returned-surface-samples-up-to-3-75-li2o-from-nw-leinster-lithium-project-2023-01-18/" target="_blank"><b>interview</b></a> with GBML's CEO Michael Murphy, he reiterated that the company has 16 licenses covering 65,000 hectares and that the samples in this news release were from one license. In <a href="https://themarketherald.ca/global-battery-metals-an-international-critical-mineral-exploration-and-development-company-2023-01-23/" target="_blank"><b>another interview</b></a>, he stated that the company believes it has identified the dike from which the samples are coming. The dike starts at a depth of two meters, so the access is easy and the cost to drill will be low. Drilling will also start on this property during Q1. </p><p>While the sample grades show up to 3.75% which is comparable to PMET, the company still needs to prove depth and length through actual drilling. PMET is seeing these types of grades over 100 meters, which is a far cry from samples. But the opportunity remains there. PMET has around a $1.5 billion market cap versus GBML at just $15 million. Is it worth it to speculate on GBML at 1% of PMET's valuation? We think that it's a fair risk to reward trade-off. </p><p>A lot of focus has been on building the EV supply chain in the Americas, that's why places like South America, Nevada and Quebec have been so hot when it comes to lithium. The Europeans are doing the same thing. So if GBML's property in Ireland does indeed confirm the existence of lithium, it will be ideally located for that. </p><p>When analyzing GBML's near-term trading potential, we can use NILI as a recent example of a lithium stock with a similar market cap, similar news and similar speculative potential on pending drill results to try to predict where GBML is headed. We expect the stock price to move up at least a double from here and likely more in the coming weeks in a similar fashion to NILI. GBML has a pretty tight share structure with only 68 million shares outstanding. Inclusive of the likely fully exercised expiring set of warrants, that count will still be less than 70 million. The CEO has claimed that he is turning away recent financing offers so we don't expect any further overhang on the stock price. The combination of being in a hot lithium industry, having not one but two places to drill and no need to dilute any time soon, we think GBML is in an ideal position to go on a run. </p><p>Disclosure: We are long GBML.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-24060111877177425392023-01-24T13:23:00.007-05:002023-01-24T13:34:01.207-05:00GBML: The Next NILI or PMET? Could be Both by the End of Q1<p>Back on October 21, <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>we first announced our bullish call</b></a> on <b>Surge Battery Metals Inc. (NILI.V) (NILIF)</b> when it was $0.10. At the time it was based on samples within drill results that showed as high as 4500 ppm of lithium in 5 foot intervals. The stock stayed in the 10 cent range for a couple of weeks before rocketing up as high as $0.46 as the drill results started coming in and hype reached fever pitch. <b>Global Battery Metals Ltd. (GBML.V)(REZZF)</b> is in a very similar situation to NILI back a few months ago. We think that it has great potential to become the next big lithium runner after last week's news of outstanding sample grades of lithium. Grades that are several times higher than NILI's and are closer to the type of grades seen from <b>Patriot Battery Metals Inc. (PMET.V)(PMETF)</b>. After a few days in the $0.16-$0.17 range, likely flushing out $0.10 private placement shares that recently came off their hold period, GBML is starting to creep up in NILI-like fashion back when it first broke out from $0.10. </p><p>This is a follow up to our <a href="https://nasdaqnewsreports.blogspot.com/2023/01/gbml-next-nili-or-pmet.html" target="_blank"><b>first report from last week</b></a> as an update interview from GBML's CEO has us thinking that instead of this being the next NILI <i>or</i> PMET, it has potential to be the next NILI <i>and</i> PMET. We are up to 1,012 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 117 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p><a href="https://themarketherald.ca/global-battery-metals-an-international-critical-mineral-exploration-and-development-company-2023-01-23/" target="_blank"><b>Click here to view the interview</b></a> with GBML's CEO Michael Murphy.</p><p>Why do we say that GBML has the potential to be the next NILI and PMET? Simple, the company is actively drilling in two properties that share characteristics to the main properties for each of these stocks. First we'll talk about the Lithium King Project in Utah. Ourselves and other NILI investors have made a point about NILI's Nevada North Project being in reasonably close proximity to Thacker Pass. But also far away enough in an unexplored region that it has unknown and untapped upside potential. When looking at a map, we see that GBML's Lithium King is actually much closer to Nevada North than Thacker Pass is:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbRMQn5nF0InQJakM19B6LcKnzhEppHjMr8ywSu0fQHYbG7CxndrAcQur_nRq3cvdWKNAt3vBdmYySdBINrnZRJhrTRI8vT0dntzvYU95L9yGr2c6cmqlrFpTTHC5x59jC-X_HK_homyvYjbWK6VshUzxr4qDEPAwv7Xo8Du8PH11ovS1wkvCcbd8lqw/s763/location.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="519" data-original-width="763" height="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbRMQn5nF0InQJakM19B6LcKnzhEppHjMr8ywSu0fQHYbG7CxndrAcQur_nRq3cvdWKNAt3vBdmYySdBINrnZRJhrTRI8vT0dntzvYU95L9yGr2c6cmqlrFpTTHC5x59jC-X_HK_homyvYjbWK6VshUzxr4qDEPAwv7Xo8Du8PH11ovS1wkvCcbd8lqw/w400-h272/location.jpg" width="400" /></a></div><br /><p><br /></p><p> </p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>So when we are talking about NILI's resource and how it may be the best new find there is, especially relative to its market cap, there is a decent chance the Lithium King will have similar kind of results. In the interview, GBML's CEO stated that historical USGS logs had samples as high as 1,200 ppm lithium starting 10 meters deep. This is similar depth as NILI's findings, though on the lower end of NILI's grade range. GBML expects to drill down to 1,000 meters on the property in Q1, so we will see if grades improve as they so often do with many of the Nevada projects once you did down below 100 meters. </p><p>GBML's North-West Leinster Lithium Project in Ireland exhibits traits similar to PMET's Corvette Property in Quebec, with sample sizes up to 3.75% Li2O or 17,410 ppm. The <a href="https://money.tmx.com/en/quote/GBML/news/6272705128967855/Global_Battery_Metals_Reports_High_Grade_Lithium_Assays_Returned_Surface_Samples_Up_to_375_Li2O_From_NW_Leinster_Lithium_Project" target="_blank"><b>news from last week</b></a>: </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Highlights Include:</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>Of the 66 total surface samples analyzed, assay results show that 47 returned grades above 1% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O - with grades as high as 3.75% and 3.63% (source: ALS Laboratories, Loughrea, Ireland)</li><li>Knockeen and Carriglead Prospects are reported at:<ul><li>Knockeen: Out of a total of 56 samples, 41 samples graded above 1% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O, of which 20 graded above 2% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O and of which two graded above 3% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O (Sample AES 63003 (3.63% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O) and Sample AES 63033 (3.75% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O))</li><li>Carriglead: out of a total of 10 samples, six samples graded above 1% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O, of which one sample analysed above 2% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O (Sample AES63504 (2.09% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O))</li></ul></li><li>The program of intensive prospecting has consolidated the extent of the spodumene pegmatite boulder train at surface and significantly enhanced the resolution of the dispersion zone</li><li>The known extent of the boulder train is now over 1km in length from NE to SW, 0.5km from NW to SE and is still open in all directions at Knockeen</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Vancouver, British Columbia--(Newsfile Corp. - January 18, 2023) - <a href="https://www.newsfilecorp.com/redirect/gxaY0TwXnp" style="background-color: transparent; color: #235b59;"><span style="font-weight: bolder;">Global Battery Metals Ltd.</span></a> (TSXV: <span style="font-weight: bolder;">GBML</span>) (OTCQB:<span style="font-weight: bolder;"> REZZF</span>) (FSE:<span style="font-weight: bolder;"> REZ</span>) (the "<span style="font-weight: bolder;">Company</span>" or "<span style="font-weight: bolder;">GBML</span>"), a critical mineral exploration company focused on growth-oriented lithium and other battery metal projects, announces initial field exploration assay results (see Table 1) from its North-West Leinster Lithium Project (the "<span style="font-weight: bolder;">Property</span>" or the "<span style="font-weight: bolder;">Project</span>"), focused primarily on Prospecting Licence Area ("<span style="font-weight: bolder;">PLA</span>") 1597 in Ireland.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Sampling Program Highlights</span></p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;"><span style="font-weight: bolder;">Sample_ID</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;"><span style="font-weight: bolder;">Li_ppm</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;"><span style="font-weight: bolder;">Li</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">2</span></span><span style="font-weight: bolder;">O%</span>*</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63003</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">17,410</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">3.75</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63033</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">16,860</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">3.63</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63519</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">13,160</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.83</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63015</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">13,050</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.81</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63029</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.78</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63042</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,580</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.71</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63014</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,200</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.63</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63021</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,040</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.59</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63018</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">11,980</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.58</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63011</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">11,820</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.54</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 1: Highlight results from the prospecting program (December 2022)<br />* Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O % = Li ppm % (x 2.153)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">A full list of comprehensive results can be found in Appendix 1.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">"The high-grade assay results from our most recent surface sampling program are extremely encouraging and reassure our early diligence in the Project," said Michael Murphy, Chief Executive Officer of GBML. "The strong concentration of confirmed lithium-bearing pegmatites is helping the team target the source and plan a strong drilling campaign to test the limits of the Property. We look forward to receiving our overburden assay results."</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Field Exploration Program Update</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">PLA 1597 forms part of the Company's Property exploration block, which is operated under an exclusive Option and Earn-in agreement with Technology Minerals Plc, the first-listed UK company focused on creating a sustainable circular economy for battery metals, and its wholly owned subsidiary LRH Resources Limited ("<span style="font-weight: bolder;">LRH</span>").</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The current phase of detailed exploration work is centred on an area where a forty-year-old historical company report<span style="font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">1</span> described a trench excavated at Knockeen Townlands on PLA 1597 (Figure 1) which, uncovered in bedrock, exposed a 1.8m wide spodumene-bearing pegmatite vein. However no detailed laboratory assays or geological maps of the trench were reported at that time. Historical prospecting around the trench also reported the occurrence of up to 10 large boulders of spodumene bearing pegmatite at surface.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The current exploration program carried out under LRH management by Aurum Exploration Services Limited included an initial reconnaissance visit in July 2022 totalling six samples. This was followed by a more detailed prospecting and lithogeochemical survey on two areas at Knockeen and Carriglead Townlands in December 2022 and totalling 66 samples (Figure 1 and Table 2).</p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Prospect</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">No</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Carriglead</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">2</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Knockeen</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">4</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Prospect</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">DD Sampling July 2022</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">No</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Carriglead</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">10</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Knockeen</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">56</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Prospect</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">No</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Carriglead</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Total</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">12</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Knockeen</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Total</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">60</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 2: Results from reconnaissance prospecting (July 2022 and December 2022)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Preliminary Reconnaissance July 2022</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Two areas at Knockeen and Carriglead Townlands were targeted with an initial reconnaissance visit in July 2022, during which six samples - four at Knockeen and two at Carriglead - were collected. Analytical results confirmed the presence of the historically reported spodumene pegmatite boulder train and returned very significant grades of Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O in all the samples. These results have been reported previously but are reproduced here for continuity (Table 3).</p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Sample_ID</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li_ppm</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">2</span></span><span style="font-weight: bolder;">O_%</span>*</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;"><span style="font-weight: bolder;">Prospect</span></td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL05</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">13,700</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.95</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,200</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.41</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL04</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,000</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.37</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,240</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.70</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">AES61138</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,470</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.61</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Carriglead</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">AES61137</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,550</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.76</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Carriglead</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 3: Results from reconnaissance prospecting (July 2022)<br />* Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O % = Li ppm % (x 2.153)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">December 2022 Detailed Prospecting and Lithogeochemistry</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">In December 2022 an extensive prospecting and lithogeochemistry survey was completed covering the two areas identified during the reconnaissance program. A total of 56 samples were collected at Knockeen and 10 at Carriglead. The results were highly encouraging with coherent boulder trains of spodumene bearing lithium pegmatites mapped out across the prospects. The highlight sample results are shown in Table 1 and the full results are appended in Appendix 1 to this release in Tables and 4 and 5 with associated maps showing the locations in Figures 2 (Knockeen) and Figures 3 (Carriglead) below.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Figure 1: Location of the Knockeen and Carriglead target areas PL 1597 showing sample locations</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 1, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Figure 2: Location of samples and assay results from the Knockeen target area</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 2, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Figure 3: Location of samples and assay results from the Carriglead target area</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 3, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Photo 1: Spodumene pegmatite samples from Knockeen and Carriglead</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Photo 1, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Please see the Company's <a href="https://www.newsfilecorp.com/redirect/p4jYKIrJ8y" style="background-color: transparent; color: #235b59;">NW Leinster Project Overview</a> for additional program details, in addition to the latest version of the <a href="https://www.newsfilecorp.com/redirect/Yza3RI3mNJ" style="background-color: transparent; color: #235b59;">Company's Investor Presentation</a> available for download from the GBML website (<a href="https://www.newsfilecorp.com/redirect/0KQ3EfXA1r" style="background-color: transparent; color: #235b59;">www.gbml.ca</a>).</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">Appendix 1: Analytical Results</p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;"><span style="font-weight: bolder;">Sample_ID</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li_ppm</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li2O%*</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Prospect</span></td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63003</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">17,410</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3.75</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63033</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">16,860</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3.63</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63519</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">13,160</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.83</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63015</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">13,050</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.81</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63029</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.78</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63042</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,580</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.71</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63014</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,200</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.63</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63021</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,040</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.59</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63018</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,980</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.58</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63011</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,820</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.54</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63023</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,620</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.50</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63028</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,580</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.49</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63041</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,570</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.49</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63037</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,510</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.48</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63016</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,460</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.47</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63044</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,340</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.44</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63012</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,180</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.41</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63008</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">9,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.14</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63048</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">9,520</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.05</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63043</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">9,360</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63027</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,820</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.90</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63046</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,790</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.89</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63516</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,370</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.80</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63036</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,300</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.79</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63007</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,090</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.74</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63026</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,030</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.73</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63010</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,890</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.70</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63517</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,910</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.70</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63512</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,840</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.69</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63017</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,550</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.63</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63520</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,370</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.59</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63049</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,100</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.53</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63515</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,040</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.52</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63024</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">6,190</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.33</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63031</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">6,140</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.32</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63013</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">5,720</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.23</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63019</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">5,420</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.17</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63030</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">5,300</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.14</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63034</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,960</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.07</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63039</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,790</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,710</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.01</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63514</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,300</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.93</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63045</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,290</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.92</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63025</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,940</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.85</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63032</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,550</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.76</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63035</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2,680</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.58</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63009</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.41</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63047</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1,480</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.32</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63038</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">450</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.10</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63001</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">120</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63002</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">120</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63004</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">120</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63005</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">130</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63513</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">100</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63518</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">80</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63006</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">60</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.01</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen<br /><br /></td></tr></tbody></table><p>Lithium mining and exploration is well underway in South America, Nevada and Quebec, but looking for lithium in Ireland is a relatively new play. That's what could make GBML's North-West Leinster Lithium Property - and by extension its stock - so special. In a previous <a href="https://themarketherald.ca/global-battery-metals-reports-high-grade-lithium-assays-returned-surface-samples-up-to-3-75-li2o-from-nw-leinster-lithium-project-2023-01-18/" target="_blank"><b>interview</b></a> with GBML's CEO Michael Murphy, he reiterated that the company has 16 licenses covering 65,000 hectares and that the samples in this news release were from one license. In the interview linked above, he stated that the company believes it has identified the dike from which the samples are coming. The dike starts at a depth of two meters, so the access is easy and the cost to drill will be low. Drilling will also start on this property during Q1. </p><p>While the sample grades show up to 3.75% which is comparable to PMET, the company still needs to prove depth and length through actual drilling. PMET is seeing these types of grades over 100 meters, which is a far cry from samples. But the opportunity remains there. PMET has over a $1.1 billion market cap versus GBML at just $12 million. Is it worth it to speculate on GBML at a little over 1% of PMET's valuation? We think that it's a fair risk to reward trade-off. </p><p>A lot of focus has been on building the EV supply chain in the Americas, that's why places like South America, Nevada and Quebec have been so hot when it comes to lithium. The Europeans are doing the same thing. So if GBML's property in Ireland does indeed confirm the existence of lithium, it will be ideally located for that. </p><p>When analyzing GBML's near-term trading potential, we can use NILI as a recent example of a lithium stock with a similar market cap, similar news and similar speculative potential on pending drill results to try to predict where GBML is headed. We expect the stock price to move up at least a double from here and likely more in the coming weeks in a similar fashion to NILI. As we predicted in our previous piece, the stock has flatlined for a few days while the $0.10 September financing works its way into the float. But after the financing, GBML still has only 68 million shares while the $1.2 million raised in the deal likely means the company has enough cash for the drilling with little risk of further dilution outside of warrant exercises. We don't expect any additional raises in the near future, unless the stock price is significantly higher. </p><p>Disclosure: We are long GBML.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-63443068155459943502023-01-18T23:08:00.019-05:002023-01-18T23:26:48.637-05:00GBML: The Next NILI? Or PMET?<p>Back on October 21, <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>we first announced our bullish call</b></a> on <b>Surge Battery Metals Inc. (NILI.V) (NILIF)</b> when it was $0.10. At the time it was based on samples within drill results that showed as high as 4500 ppm of lithium in 5 foot intervals. The stock stayed in the 10 cent range for a couple of weeks before rocketing up as high as $0.46 as the drill results started coming in and hype reached fever pitch. <b>Global Battery Metals Ltd. (GBML.V)(REZZF)</b> is in a very similar situation to NILI back a few months ago and we think that it has great potential to become the next big lithium runner after today's news of outstanding sample grades of lithium. Grades that are several times higher than NILI's and are closer to the type of grades seen from <b>Patriot Battery Metals Inc. (PMET.V)(PMETF)</b>. GBML moved up 35% on the news but we think that this move was muted on a weak market day and expect swift upward movement on speculation due to its pending samples and drilling to take place in Q1. We are up to 1,012 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 116 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>The <a href="https://money.tmx.com/en/quote/GBML/news/6272705128967855/Global_Battery_Metals_Reports_High_Grade_Lithium_Assays_Returned_Surface_Samples_Up_to_375_Li2O_From_NW_Leinster_Lithium_Project" target="_blank"><b>news from today</b></a>: </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Highlights Include:</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>Of the 66 total surface samples analyzed, assay results show that 47 returned grades above 1% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O - with grades as high as 3.75% and 3.63% (source: ALS Laboratories, Loughrea, Ireland)</li><li>Knockeen and Carriglead Prospects are reported at:<ul><li>Knockeen: Out of a total of 56 samples, 41 samples graded above 1% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O, of which 20 graded above 2% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O and of which two graded above 3% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O (Sample AES 63003 (3.63% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O) and Sample AES 63033 (3.75% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O))</li><li>Carriglead: out of a total of 10 samples, six samples graded above 1% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O, of which one sample analysed above 2% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O (Sample AES63504 (2.09% Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O))</li></ul></li><li>The program of intensive prospecting has consolidated the extent of the spodumene pegmatite boulder train at surface and significantly enhanced the resolution of the dispersion zone</li><li>The known extent of the boulder train is now over 1km in length from NE to SW, 0.5km from NW to SE and is still open in all directions at Knockeen</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Vancouver, British Columbia--(Newsfile Corp. - January 18, 2023) - <a href="https://www.newsfilecorp.com/redirect/gxaY0TwXnp" style="background-color: transparent; color: #235b59;"><span style="font-weight: bolder;">Global Battery Metals Ltd.</span></a> (TSXV: <span style="font-weight: bolder;">GBML</span>) (OTCQB:<span style="font-weight: bolder;"> REZZF</span>) (FSE:<span style="font-weight: bolder;"> REZ</span>) (the "<span style="font-weight: bolder;">Company</span>" or "<span style="font-weight: bolder;">GBML</span>"), a critical mineral exploration company focused on growth-oriented lithium and other battery metal projects, announces initial field exploration assay results (see Table 1) from its North-West Leinster Lithium Project (the "<span style="font-weight: bolder;">Property</span>" or the "<span style="font-weight: bolder;">Project</span>"), focused primarily on Prospecting Licence Area ("<span style="font-weight: bolder;">PLA</span>") 1597 in Ireland.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Sampling Program Highlights</span></p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;"><span style="font-weight: bolder;">Sample_ID</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;"><span style="font-weight: bolder;">Li_ppm</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;"><span style="font-weight: bolder;">Li</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">2</span></span><span style="font-weight: bolder;">O%</span>*</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63003</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">17,410</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">3.75</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63033</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">16,860</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">3.63</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63519</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">13,160</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.83</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63015</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">13,050</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.81</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63029</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.78</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63042</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,580</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.71</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63014</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,200</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.63</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63021</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">12,040</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.59</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63018</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">11,980</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.58</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">AES63011</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 336.604px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.792px;">11,820</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 164.812px;">2.54</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 1: Highlight results from the prospecting program (December 2022)<br />* Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O % = Li ppm % (x 2.153)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">A full list of comprehensive results can be found in Appendix 1.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">"The high-grade assay results from our most recent surface sampling program are extremely encouraging and reassure our early diligence in the Project," said Michael Murphy, Chief Executive Officer of GBML. "The strong concentration of confirmed lithium-bearing pegmatites is helping the team target the source and plan a strong drilling campaign to test the limits of the Property. We look forward to receiving our overburden assay results."</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Field Exploration Program Update</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">PLA 1597 forms part of the Company's Property exploration block, which is operated under an exclusive Option and Earn-in agreement with Technology Minerals Plc, the first-listed UK company focused on creating a sustainable circular economy for battery metals, and its wholly owned subsidiary LRH Resources Limited ("<span style="font-weight: bolder;">LRH</span>").</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The current phase of detailed exploration work is centred on an area where a forty-year-old historical company report<span style="font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">1</span> described a trench excavated at Knockeen Townlands on PLA 1597 (Figure 1) which, uncovered in bedrock, exposed a 1.8m wide spodumene-bearing pegmatite vein. However no detailed laboratory assays or geological maps of the trench were reported at that time. Historical prospecting around the trench also reported the occurrence of up to 10 large boulders of spodumene bearing pegmatite at surface.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The current exploration program carried out under LRH management by Aurum Exploration Services Limited included an initial reconnaissance visit in July 2022 totalling six samples. This was followed by a more detailed prospecting and lithogeochemical survey on two areas at Knockeen and Carriglead Townlands in December 2022 and totalling 66 samples (Figure 1 and Table 2).</p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Prospect</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">No</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Carriglead</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">2</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Knockeen</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">4</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Prospect</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">DD Sampling July 2022</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">No</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Carriglead</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">10</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Knockeen</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">56</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><br /></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Prospect</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;"><span style="font-weight: bolder;">No</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Carriglead</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Total</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">12</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Knockeen</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">Total</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 279.333px;">60</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 2: Results from reconnaissance prospecting (July 2022 and December 2022)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Preliminary Reconnaissance July 2022</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Two areas at Knockeen and Carriglead Townlands were targeted with an initial reconnaissance visit in July 2022, during which six samples - four at Knockeen and two at Carriglead - were collected. Analytical results confirmed the presence of the historically reported spodumene pegmatite boulder train and returned very significant grades of Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O in all the samples. These results have been reported previously but are reproduced here for continuity (Table 3).</p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Sample_ID</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li_ppm</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">2</span></span><span style="font-weight: bolder;">O_%</span>*</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;"><span style="font-weight: bolder;">Prospect</span></td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL05</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">13,700</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.95</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,200</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.41</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL04</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,000</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.37</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">210724CL02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,240</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.70</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">AES61138</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,470</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.61</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Carriglead</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">AES61137</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Recon Sampling July 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,550</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.76</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.646px;">Carriglead</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 3: Results from reconnaissance prospecting (July 2022)<br />* Li<span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;">2</span>O % = Li ppm % (x 2.153)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">December 2022 Detailed Prospecting and Lithogeochemistry</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">In December 2022 an extensive prospecting and lithogeochemistry survey was completed covering the two areas identified during the reconnaissance program. A total of 56 samples were collected at Knockeen and 10 at Carriglead. The results were highly encouraging with coherent boulder trains of spodumene bearing lithium pegmatites mapped out across the prospects. The highlight sample results are shown in Table 1 and the full results are appended in Appendix 1 to this release in Tables and 4 and 5 with associated maps showing the locations in Figures 2 (Knockeen) and Figures 3 (Carriglead) below.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Figure 1: Location of the Knockeen and Carriglead target areas PL 1597 showing sample locations</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 1, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_001full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Figure 2: Location of samples and assay results from the Knockeen target area</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 2, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_002full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Figure 3: Location of samples and assay results from the Carriglead target area</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 3, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_003full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004.jpg" src="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />Photo 1: Spodumene pegmatite samples from Knockeen and Carriglead</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Photo 1, please visit:<br /><a href="https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/7080/151682_fb825e2064587838_004full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Please see the Company's <a href="https://www.newsfilecorp.com/redirect/p4jYKIrJ8y" style="background-color: transparent; color: #235b59;">NW Leinster Project Overview</a> for additional program details, in addition to the latest version of the <a href="https://www.newsfilecorp.com/redirect/Yza3RI3mNJ" style="background-color: transparent; color: #235b59;">Company's Investor Presentation</a> available for download from the GBML website (<a href="https://www.newsfilecorp.com/redirect/0KQ3EfXA1r" style="background-color: transparent; color: #235b59;">www.gbml.ca</a>).</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">Appendix 1: Analytical Results</p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;"><span style="font-weight: bolder;">Sample_ID</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;"><span style="font-weight: bolder;">Program</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li_ppm</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Li2O%*</span></td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;"><span style="font-weight: bolder;">Prospect</span></td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63003</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">17,410</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3.75</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63033</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">16,860</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3.63</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63519</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">13,160</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.83</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63015</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">13,050</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.81</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63029</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.78</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63042</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,580</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.71</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63014</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,200</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.63</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63021</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">12,040</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.59</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63018</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,980</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.58</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63011</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,820</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.54</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63023</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,620</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.50</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63028</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,580</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.49</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63041</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,570</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.49</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63037</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,510</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.48</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63016</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,460</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.47</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63044</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,340</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.44</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63012</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">11,180</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.41</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63008</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">9,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.14</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63048</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">9,520</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.05</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63043</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">9,360</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2.02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63027</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,820</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.90</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63046</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,790</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.89</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63516</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,370</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.80</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63036</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,300</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.79</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63007</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,090</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.74</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63026</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">8,030</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.73</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63010</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,890</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.70</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63517</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,910</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.70</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63512</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,840</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.69</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63017</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,550</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.63</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63520</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,370</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.59</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63049</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,100</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.53</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63515</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">7,040</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.52</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63024</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">6,190</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.33</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63031</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">6,140</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.32</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63013</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">5,720</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.23</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63019</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">5,420</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.17</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63030</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">5,300</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.14</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63034</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,960</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.07</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63039</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,790</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,710</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1.01</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63514</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,300</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.93</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63045</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">4,290</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.92</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63025</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,940</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.85</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63032</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">3,550</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.76</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63035</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">2,680</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.58</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63009</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1,920</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.41</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63047</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">1,480</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.32</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63038</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">450</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.10</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63001</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">120</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63002</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">120</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63004</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">120</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63005</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">130</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.03</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63513</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">100</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63518</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">80</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.02</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen</td></tr><tr><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;">AES63006</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 233.51px;">Follow Up Sampling Dec 2022</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">60</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">0.01</td><td align="center" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 147.615px;">Knockeen<br /><br /></td></tr></tbody></table><p>Lithium mining and exploration is well underway in South America, Nevada and Quebec, but looking for lithium in Ireland is a relatively new play. That's what could make GBML's North-West Leinster Lithium Property - and by extension its stock - so special. In an <a href="https://themarketherald.ca/global-battery-metals-reports-high-grade-lithium-assays-returned-surface-samples-up-to-3-75-li2o-from-nw-leinster-lithium-project-2023-01-18/" target="_blank"><b>interview</b></a> with GBML's CEO Michael Murphy, he reiterated that the company has 16 licenses covering 65,000 hectares and that the samples in today's news release were from one license. Drilling is expected to be completed by the end of the first quarter with assays pending on some of the other licenses. </p><p>Appendix 1 shows all 56 samples at Knockeen. Starting as high as 17,410 ppm, that's three times the best of NILI's initial sample results. NILI's highest grade so far has been around 5,000 ppm, which the bulk of the GBML's samples surpass. We are not at all trying to downplay NILI's results, which are significant and worth a market cap higher than its current market cap of $25 million. Instead, we are trying to say that GBML's market cap of $12 million represents an opportunity at least as lucrative as NILI's back when it was trading that low in October. What GBML needs to do next is prove depth through actual drilling, and the company is wasting no time in doing so. </p><p>The beautiful thing with NILI when analyzing GBML's potential is that we have a recent example of a lithium stock with a similar market cap, similar news and similar speculative potential on pending drill results to try to predict where GBML is headed. We expect the stock price to move up at least a double from here and likely more in the coming weeks in a similar fashion to NILI. It might take a few days of churning in the 15-20 cent range like NILI did around 10 cents. Or maybe GBML will move immediately since it has a smaller float of 68 million shares. The company did do a financing at $0.10 in September which recently came off of its hold period, but this recent $1.2 million raise also likely means there won't be any additional raises in the near future, unless the stock price is significantly higher. </p><p>While NILI is the near term comparable, these types of samples GBML are announcing are a lot more similar in nature to PMET. PMET is seeing these types of results over 100 meters, which is a far cry from samples. But the opportunity remains there. For a $12 million market cap, GBML is well worth the risk in our opinion. For perspective, PMET closed today at a $734 million market cap. GBML is 62 times cheaper than that. </p><p>Disclosure: We are long GBML.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-12183126287384981312023-01-14T23:10:00.005-05:002023-01-14T23:20:59.974-05:00Dynasty Gold Rockets on Bonanza Gold Drill Results, Then Major Insider Decides to Buy<p>The small cap market has recovered a bit so far in 2023, but overall has still been a disaster for the last several months. Despite that, we have been on an incredible hot streak in Canada. Five for our last five, with three of those going up more than 100%:</p><p>1. In July <a href="https://nasdaqnewsreports.blogspot.com/2022/07/transaction-leads-to-2x-upside.html" target="_blank"><b>we called</b></a> GobiMin Inc. (GMNFF) (GMN.V) when it was $0.81. It recently had a take-private transaction at $1.84 and is now trading at $1.73 for a <b>114% gain</b>.</p><p>2. In October <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>we called</b></a> Surge Battery Metals Inc. (NILI.V) (NILIF) when it was $0.10. Material findings of lithium on its property with expectations of more to come has resulted in a $0.26 stock price, a <b>160% gain </b>with it going as high as $0.46.</p><p>3. In November <a href="https://nasdaqnewsreports.blogspot.com/2022/11/potentially-significant-new-uranium-discovery.html" target="_blank"><b>we called</b></a> Fission 3.0 Corp. (FUU.V) (FISOF) when it was $0.12 and <a href="https://nasdaqnewsreports.blogspot.com/2022/12/buying-fuu-again-after-outstanding.html" target="_blank"><b>reiterated our call</b></a> at $0.29 in December. A massive uranium find has caused the stock to move up to $0.42, a <b>250% gain </b>from our first call point.</p><p>4. On December 1, <a href="https://nasdaqnewsreports.blogspot.com/2022/12/second-100-percent-gainer-time-for-a-third.html" target="_blank"><b>we called</b></a> Equity Metals Corporation (EQTY.V)(EQMEF) at $0.11. It's $0.165 now for a <b>50% gain</b>. </p><p>5. Finally, on December 6, <a href="https://nasdaqnewsreports.blogspot.com/2022/12/oil-deal-leads-to-at-least-2x-upside.html" target="_blank"><b>we called</b></a> Valeura Energy Inc. (VLE.TO) (PNWRF) at $1.45 after the company announced an extremely profitable offshore oil acquisition. It's $2.58 now for a <b>78% gain</b>. </p><p>This doesn't include Simply Better Brands Corp. (SBBC.V)(PKANF), which <a href="https://nasdaqnewsreports.blogspot.com/2022/07/oversold-and-undervalued-gem-has-10x.html" target="_blank"><b>we called</b></a> on July 13 when it was trading at $0.265. It hit a high of $0.96 eight days later but then a poorly timed financing killed its momentum and it's back to where it started. </p><p>If you want winners, we have proven that we can find them. Even in a massive bear market for small caps. Our next pick is <b>Dynasty Gold Corp. (DYG.V)(DGDCF). </b>It ran 243% to $0.36 on Tuesday after announcing a bonanza gold discovery, but has since pulled back to $0.275. We think this is an ideal level to load up for a second run, which could be major based on these results and minuscule float. We are up to 1,012 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 113 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>From <a href="https://money.tmx.com/en/quote/DYG/news/8124360798483832/Dynasty_Gold_Drills_Bonanza_Gold_Grades_15m_of_246gt_3m_of_101gt_125m_of_2566gt_285m_of_13gt_51m_of_735gt" target="_blank"><b>Tuesday's news release</b></a>:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Vancouver, British Columbia--(Newsfile Corp. - January 10, 2023) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to release assay results from its Phase 1 2022 maiden drill campaign at the Thundercloud gold property located 47 kilometres southeast of Dryden, in northwestern Ontario. These are the best assay results ever reported from Thundercloud, and constitute new discovery of wide zones and high-grade gold-bearing quartz veins requiring further delineation.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Significant Assay Highlights:</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><span style="font-weight: bolder;">DP22-02 intercepted 1.31 g/t Au over 121 m from 102 m;</span><ul><li><span style="font-weight: bolder;">Including 15.06 g/t Au over 9 m:</span></li><li><span style="font-weight: bolder;">Including 43.47 g/t Au over 3 m.<br /><br /></span></li></ul></li><li><span style="font-weight: bolder;">DP22-03 intercepted 7.35 g/t Au over 51 m from 88.5 m, contains the longest intercepts with the highest gold grades to date;</span><ul><li><span style="font-weight: bolder;">Including 13.01 g/t Au over 28.5m:</span></li><li><span style="font-weight: bolder;">Including 25.66 g/t Au over 12.5 m:</span></li><li><span style="font-weight: bolder;">Including 101 g/t Au over 3 m:</span></li><li><span style="font-weight: bolder;">Including 246 g/t Au over 1.5 m.<br /><br /></span></li></ul></li><li><span style="font-weight: bolder;">DP22-04 intercepted 0.764 g/t Au over 40.5 meters from 120 m;</span><ul><li><span style="font-weight: bolder;">Including 8.61 g/t Au over 3 m:</span></li><li><span style="font-weight: bolder;">Including 25.1 g/t Au over 1.5 m.</span></li></ul></li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Assay Results:</span></p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 170.792px;"><span style="font-weight: bolder;">Hole ID</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;"><span style="font-weight: bolder;">From (m)</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;"><span style="font-weight: bolder;">To (m)</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;"><span style="font-weight: bolder;">Interval (m)</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.833px;"><span style="font-weight: bolder;">Au (g/t)</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">DP22-01</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">9.0<br />25.5<br />30.0</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">25.5<br />30.0<br />252.0</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">15.5<br />4.5<br />222.0</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.833px;">0.104<br />0.269<br />0.0815</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 170.792px;"><span style="font-weight: bolder;">DP22-02<br /><br /><br /></span><br />Including<br />Including<br />Including</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">0<br />77.0<br />83.0<br /><span style="font-weight: bolder;">102.0</span><br /><span style="font-weight: bolder;">189.0</span><br /><span style="font-weight: bolder;">189.0</span><br /><span style="font-weight: bolder;">190.5</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">77.0<br />83.0<br />102.0<br /><span style="font-weight: bolder;">223.50</span><br /><span style="font-weight: bolder;">214.5</span><br /><span style="font-weight: bolder;">198.0</span><br /><span style="font-weight: bolder;">193.5</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">Not sampled<br />5.0<br />Not sampled<br /><span style="font-weight: bolder;">121.0</span><br /><span style="font-weight: bolder;">25.5</span><br /><span style="font-weight: bolder;">9.0</span><br /><span style="font-weight: bolder;">3.0</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.833px;"><br />0.072<br /><span style="font-weight: bolder;"><br />1.31</span><br /><span style="font-weight: bolder;">5.37</span><br /><span style="font-weight: bolder;">15.06</span><br /><span style="font-weight: bolder;">43.47</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 170.792px;"><span style="font-weight: bolder;">DP22-03<br /></span><br />Including<br />Including<br />Including<br />Including<br /><br />And</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">0<br /><span style="font-weight: bolder;">88.5</span><br /><span style="font-weight: bolder;">111.0</span><br /><span style="font-weight: bolder;">112.5</span><br /><span style="font-weight: bolder;">118.5</span><br /><span style="font-weight: bolder;">118.5</span><br />139.5<br />148.5</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">88.5<br /><span style="font-weight: bolder;">139.5</span><br /><span style="font-weight: bolder;">139.5</span><br /><span style="font-weight: bolder;">125.0</span><br /><span style="font-weight: bolder;">121.5</span><br /><span style="font-weight: bolder;">120.0</span><br />148.5<br />154.5</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">Not sampled<br /><span style="font-weight: bolder;">51.0</span><br /><span style="font-weight: bolder;">28.5</span><br /><span style="font-weight: bolder;">12.5</span><br /><span style="font-weight: bolder;">3.0</span><br /><span style="font-weight: bolder;">1.5</span><br /><span style="font-weight: bolder;"></span>Not sampled<br />6.0</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.833px;"><span style="font-weight: bolder;"><br />7.35</span><br /><span style="font-weight: bolder;">13.01</span><br /><span style="font-weight: bolder;">25.66</span><br /><span style="font-weight: bolder;">101.1</span><br /><span style="font-weight: bolder;">246.0</span><br /><br />1.90</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 170.792px;"><span style="font-weight: bolder;">DP22-04<br /><br /></span><br />Including<br />Including</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">0<br />20.58<br />120.0<br /><span style="font-weight: bolder;">144.0</span><br /><span style="font-weight: bolder;">147.0</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">20.58<br />120<br />160.5<br /><span style="font-weight: bolder;">147.0</span><br /><span style="font-weight: bolder;">148.5</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">Not sampled<br />Negligible values<br />40.5<br /><span style="font-weight: bolder;">3.0</span><br /><span style="font-weight: bolder;">1.5</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.833px;"><br /><br />0.764<br /><span style="font-weight: bolder;">8.61</span><br /><span style="font-weight: bolder;">25.1</span></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">"We are thrilled with these outstanding results in our first drill program on the property. They are the highest gold grades, the longest and the widest intercepts ever drilled at the property. These drill results indicate a much bigger resource potential with higher grades at Thundercloud. The data will assist in building a structural model for a NI 43-101 resource update, and future drill target planning for resource expansion," states Ivy Chong, President and CEO.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">These 4 near-surface shallow holes were drilled in the southeastern and south-central portions of the known Pelham area. The first hole was drilled on the eastern edge of a magnetic low that may represent a fault boundary, with no significant gold mineralization in it. Holes 2, 3, and 4 were drilled in untested areas of magnetic "highs" identified in the drone magnetic survey conducted in summer 2022. These three holes discovered a new area of very high-grade gold mineralization in quartz-veined mafic metavolcanics and overlying volcanic flow breccias ("conglomerates"). Quartz-veined rocks contained up to 246 g/t Au (7.91 ounces per ton) over a 1.5 m core length. The Company will sample the entire hole 3 in the coming months. The focus of the next drill program will be to outline the extent of this high grade mineralization in previously unexplored areas.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The host rocks at Thundercloud are metamorphosed mafic volcanic strata and local overlying flow breccias intruded by two phases of intrusive gabbros. Much of the low-grade gold mineralization found at Thundercloud is associated with a "cloud" of disseminated pyrite. Higher-grade gold mineralization is found locally with quartz veining and local sulfide enrichments. The Company regards this as a previously unexplored zone of high-grade gold mineralization worthy of further drilling. In addition, the property has several other mostly unexplored areas of high magnetization that could be explored in the future.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">"Current assay results obtained by Dynasty Gold from the Thundercloud Property are particularly of interest in that the results clearly indicate that the Property has potential for both large-tonnage with high-grade and vein deposits. Although only four holes were completed, intercepts such as 121 m of 1.31 g/t Au and 101 g/t over 3 m are selected examples of each type with more present in the data set. Additional work obviously is required to establish economics but the nature of the indicators to date are encouraging," said Roman Shklanka, Director.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Company thanks its dedicated team, contractors and the First Nations whose efforts have made this drill program a success. It also likes to acknowledge the contribution by the Ontario Junior Exploration Program ("OJEP") to the Company for the $60,000 grant towards furthering exploration on Thundercloud.</p><p>The highlights of the results are the 1.5 meters of 246 g/t in the third hole, 3 meters of 43 g/t in the second hole and 4.5 meters of 14 g/t in the fourth hole. There are 42 million shares outstanding (54 million fully diluted). So at $0.275, the market cap is a little over $13 million for these excellent results. We think a reasonably fair value on this find is somewhere between $0.50 to $1.00. Splitting the difference at $0.75, that's a $40 million market cap, fully diluted. </p><p>Part of the reason why the stock has pulled back the way it has after its major run was that there was an <a href="https://www.canadianinsider.com/ca-filing-details/4060540" target="_blank"><b>insider sell</b></a> of 706,500 shares at $0.34 by Karim Mohamedani. This may have temporarily scared off momentum traders. Mohamedani appears to be a private investor who is merely taking his profits and doesn't have any managerial role that would imply access to privileged information. A much more important development is the insider buying from Roman Shklanka, <a href="https://www.canadianinsider.com/ca-filing-details/4062278" target="_blank"><b>purchasing</b></a> 150,000 shares at $0.335. We point to the quote from Shklanka in the press release, noting that the findings presented are "selected examples of each type with more present in the data set". This implies that there are more results to come and his buying AFTER the massive run only furthers this point. We would like to point out that Shklanka is a highly respected name in the mining and exploration industry, having been <a href="https://www.mininghalloffame.ca/roman-shklanka" target="_blank"><b>inducted</b></a> into the Canadian Mining Hall of Fame. So his purchase is extremely encouraging, much more so than Karim Mohamedani's sell is discouraging. </p><p>The wild card for DYG is its float. DYG has historically been an illiquid stock with a tight share structure. While we think $0.75 represents fair value, the supply-demand balance of shares has potential to send it much higher. This move is reminiscent of Go Metals Corp. (GOCO.CN) (GOCOF), which ran from $0.085 to $0.45 on the first day of its battery metals discovery news on September 13 and then proceeded to run all the way to $1.23 in the days that followed. Prior to Tuesday, DYG only traded 39,000 in volume on its TSXV listing in nine trading days, with six of those nine days having no volume at all. GOCO was similarly illiquid in the days leading up to its big move. GOCO has 24 million shares outstanding, so DYG's 42 million shares is in that ballpark in terms of small float. GOCO topped out at approximately a $30 million market cap and managed to raise money at that level on much less news than DYG's. It eventually tanked because follow up news has disappointed. DYG has already shown to have discovered material amounts of gold in this drill program. Also unlike DYG, GOCO didn't have an insider like Roman Shklanka buying "high" on the open market. </p><p>Disclosure: We are long DYG.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-21762393597281015722023-01-11T01:33:00.015-05:002023-01-11T01:46:53.722-05:00Dynasty Gold Rockets on Bonanza Gold Drill Results<p>The small cap market has recovered a bit, but overall has still been a disaster for the last several months. Despite that, we have been on an incredible hot streak in Canada. Five for our last five, with three of those going up more than 100%:</p><p>1. In July <a href="https://nasdaqnewsreports.blogspot.com/2022/07/transaction-leads-to-2x-upside.html" target="_blank"><b>we called</b></a> GobiMin Inc. (GMNFF) (GMN.V) when it was $0.81. It recently had a take-private transaction at $1.84 and is now trading at $1.71 for a <b>111% gain</b>.</p><p>2. In October <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>we called</b></a> Surge Battery Metals Inc. (NILI.V) (NILIF) when it was $0.10. Material findings of lithium on its property with expectations of more to come has resulted in a $0.275 stock price, a <b>185% gain </b>with it going as high as $0.46.</p><p>3. In November <a href="https://nasdaqnewsreports.blogspot.com/2022/11/potentially-significant-new-uranium-discovery.html" target="_blank"><b>we called</b></a> Fission 3.0 Corp. (FUU.V) (FISOF) when it was $0.12 and <a href="https://nasdaqnewsreports.blogspot.com/2022/12/buying-fuu-again-after-outstanding.html" target="_blank"><b>reiterated our call</b></a> at $0.29 in December. A massive uranium find has caused the stock to move up to $0.40, a <b>233% gain </b>from our first call point.</p><p>4. On December 1, <a href="https://nasdaqnewsreports.blogspot.com/2022/12/second-100-percent-gainer-time-for-a-third.html" target="_blank"><b>we called</b></a> Equity Metals Corporation (EQTY.V)(EQMEF) at $0.11. It's $0.165 now for a <b>50% gain</b>. </p><p>5. Finally, on December 6, <a href="https://nasdaqnewsreports.blogspot.com/2022/12/oil-deal-leads-to-at-least-2x-upside.html" target="_blank"><b>we called</b></a> Valeura Energy Inc. (VLE.TO) (PNWRF) at $1.45 after the company announced an extremely profitable offshore oil acquisition. It's $2.55 now for an <b>81% gain</b>. </p><p>This doesn't include Simply Better Brands Corp. (SBBC.V)(PKANF), which <a href="https://nasdaqnewsreports.blogspot.com/2022/07/oversold-and-undervalued-gem-has-10x.html" target="_blank"><b>we called</b></a> on July 13 when it was trading at $0.265. It hit a high of $0.96 eight days later but then a poorly timed financing killed its momentum and it's now trading at $0.325 for a 23% gain. </p><p>If you want winners, we have proven that we can find them. Even in a massive bear market for small caps. Our next pick is <b>Dynasty Gold Corp. (DYG.V)(DGDCF)</b>, which already ran 243% today to $0.36 on bonanza gold discovery, but we think it can run a lot more based on the results and the float. We are up to 1,012 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 112 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>From <a href="https://money.tmx.com/en/quote/DYG/news/8124360798483832/Dynasty_Gold_Drills_Bonanza_Gold_Grades_15m_of_246gt_3m_of_101gt_125m_of_2566gt_285m_of_13gt_51m_of_735gt" target="_blank"><b>today's news release</b></a>:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Vancouver, British Columbia--(Newsfile Corp. - January 10, 2023) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to release assay results from its Phase 1 2022 maiden drill campaign at the Thundercloud gold property located 47 kilometres southeast of Dryden, in northwestern Ontario. These are the best assay results ever reported from Thundercloud, and constitute new discovery of wide zones and high-grade gold-bearing quartz veins requiring further delineation.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Significant Assay Highlights:</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><span style="font-weight: bolder;">DP22-02 intercepted 1.31 g/t Au over 121 m from 102 m;</span><ul><li><span style="font-weight: bolder;">Including 15.06 g/t Au over 9 m:</span></li><li><span style="font-weight: bolder;">Including 43.47 g/t Au over 3 m.<br /><br /></span></li></ul></li><li><span style="font-weight: bolder;">DP22-03 intercepted 7.35 g/t Au over 51 m from 88.5 m, contains the longest intercepts with the highest gold grades to date;</span><ul><li><span style="font-weight: bolder;">Including 13.01 g/t Au over 28.5m:</span></li><li><span style="font-weight: bolder;">Including 25.66 g/t Au over 12.5 m:</span></li><li><span style="font-weight: bolder;">Including 101 g/t Au over 3 m:</span></li><li><span style="font-weight: bolder;">Including 246 g/t Au over 1.5 m.<br /><br /></span></li></ul></li><li><span style="font-weight: bolder;">DP22-04 intercepted 0.764 g/t Au over 40.5 meters from 120 m;</span><ul><li><span style="font-weight: bolder;">Including 8.61 g/t Au over 3 m:</span></li><li><span style="font-weight: bolder;">Including 25.1 g/t Au over 1.5 m.</span></li></ul></li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Assay Results:</span></p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 170.792px;"><span style="font-weight: bolder;">Hole ID</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;"><span style="font-weight: bolder;">From (m)</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;"><span style="font-weight: bolder;">To (m)</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;"><span style="font-weight: bolder;">Interval (m)</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.833px;"><span style="font-weight: bolder;">Au (g/t)</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">DP22-01</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">9.0<br />25.5<br />30.0</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">25.5<br />30.0<br />252.0</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">15.5<br />4.5<br />222.0</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.833px;">0.104<br />0.269<br />0.0815</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 170.792px;"><span style="font-weight: bolder;">DP22-02<br /><br /><br /></span><br />Including<br />Including<br />Including</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">0<br />77.0<br />83.0<br /><span style="font-weight: bolder;">102.0</span><br /><span style="font-weight: bolder;">189.0</span><br /><span style="font-weight: bolder;">189.0</span><br /><span style="font-weight: bolder;">190.5</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">77.0<br />83.0<br />102.0<br /><span style="font-weight: bolder;">223.50</span><br /><span style="font-weight: bolder;">214.5</span><br /><span style="font-weight: bolder;">198.0</span><br /><span style="font-weight: bolder;">193.5</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">Not sampled<br />5.0<br />Not sampled<br /><span style="font-weight: bolder;">121.0</span><br /><span style="font-weight: bolder;">25.5</span><br /><span style="font-weight: bolder;">9.0</span><br /><span style="font-weight: bolder;">3.0</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.833px;"><br />0.072<br /><span style="font-weight: bolder;"><br />1.31</span><br /><span style="font-weight: bolder;">5.37</span><br /><span style="font-weight: bolder;">15.06</span><br /><span style="font-weight: bolder;">43.47</span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 170.792px;"><span style="font-weight: bolder;">DP22-03<br /></span><br />Including<br />Including<br />Including<br />Including<br /><br />And</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">0<br /><span style="font-weight: bolder;">88.5</span><br /><span style="font-weight: bolder;">111.0</span><br /><span style="font-weight: bolder;">112.5</span><br /><span style="font-weight: bolder;">118.5</span><br /><span style="font-weight: bolder;">118.5</span><br />139.5<br />148.5</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">88.5<br /><span style="font-weight: bolder;">139.5</span><br /><span style="font-weight: bolder;">139.5</span><br /><span style="font-weight: bolder;">125.0</span><br /><span style="font-weight: bolder;">121.5</span><br /><span style="font-weight: bolder;">120.0</span><br />148.5<br />154.5</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">Not sampled<br /><span style="font-weight: bolder;">51.0</span><br /><span style="font-weight: bolder;">28.5</span><br /><span style="font-weight: bolder;">12.5</span><br /><span style="font-weight: bolder;">3.0</span><br /><span style="font-weight: bolder;">1.5</span><br /><span style="font-weight: bolder;"></span>Not sampled<br />6.0</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.833px;"><span style="font-weight: bolder;"><br />7.35</span><br /><span style="font-weight: bolder;">13.01</span><br /><span style="font-weight: bolder;">25.66</span><br /><span style="font-weight: bolder;">101.1</span><br /><span style="font-weight: bolder;">246.0</span><br /><br />1.90</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; width: 170.792px;"><span style="font-weight: bolder;">DP22-04<br /><br /></span><br />Including<br />Including</td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">0<br />20.58<br />120.0<br /><span style="font-weight: bolder;">144.0</span><br /><span style="font-weight: bolder;">147.0</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">20.58<br />120<br />160.5<br /><span style="font-weight: bolder;">147.0</span><br /><span style="font-weight: bolder;">148.5</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.792px;">Not sampled<br />Negligible values<br />40.5<br /><span style="font-weight: bolder;">3.0</span><br /><span style="font-weight: bolder;">1.5</span></td><td align="left" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; vertical-align: top; width: 170.833px;"><br /><br />0.764<br /><span style="font-weight: bolder;">8.61</span><br /><span style="font-weight: bolder;">25.1</span></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">"We are thrilled with these outstanding results in our first drill program on the property. They are the highest gold grades, the longest and the widest intercepts ever drilled at the property. These drill results indicate a much bigger resource potential with higher grades at Thundercloud. The data will assist in building a structural model for a NI 43-101 resource update, and future drill target planning for resource expansion," states Ivy Chong, President and CEO.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">These 4 near-surface shallow holes were drilled in the southeastern and south-central portions of the known Pelham area. The first hole was drilled on the eastern edge of a magnetic low that may represent a fault boundary, with no significant gold mineralization in it. Holes 2, 3, and 4 were drilled in untested areas of magnetic "highs" identified in the drone magnetic survey conducted in summer 2022. These three holes discovered a new area of very high-grade gold mineralization in quartz-veined mafic metavolcanics and overlying volcanic flow breccias ("conglomerates"). Quartz-veined rocks contained up to 246 g/t Au (7.91 ounces per ton) over a 1.5 m core length. The Company will sample the entire hole 3 in the coming months. The focus of the next drill program will be to outline the extent of this high grade mineralization in previously unexplored areas.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The host rocks at Thundercloud are metamorphosed mafic volcanic strata and local overlying flow breccias intruded by two phases of intrusive gabbros. Much of the low-grade gold mineralization found at Thundercloud is associated with a "cloud" of disseminated pyrite. Higher-grade gold mineralization is found locally with quartz veining and local sulfide enrichments. The Company regards this as a previously unexplored zone of high-grade gold mineralization worthy of further drilling. In addition, the property has several other mostly unexplored areas of high magnetization that could be explored in the future.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">"Current assay results obtained by Dynasty Gold from the Thundercloud Property are particularly of interest in that the results clearly indicate that the Property has potential for both large-tonnage with high-grade and vein deposits. Although only four holes were completed, intercepts such as 121 m of 1.31 g/t Au and 101 g/t over 3 m are selected examples of each type with more present in the data set. Additional work obviously is required to establish economics but the nature of the indicators to date are encouraging," said Roman Shklanka, Director.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Company thanks its dedicated team, contractors and the First Nations whose efforts have made this drill program a success. It also likes to acknowledge the contribution by the Ontario Junior Exploration Program ("OJEP") to the Company for the $60,000 grant towards furthering exploration on Thundercloud.</p><p>The highlights of the results are the 1.5 meters of 246 g/t and 3 meters of 43 g/t. Some people are critical of the way the company has presented the data, but anyone can easily do the math to know what the rest of the holes contain. Even if the rest of the holes have only about 0.2 g/t gold, you're still going to get that on route to digging out the bonanza grade. So it's informative to present the data in the way the company has. </p><p>The second issue from naysayers comes from the rise in the stock price itself. We say it has a lot more to run based on comparable value as well as being an illiquid stock with a tight share structure. A $0.36 price equates to a $15 million market cap with 42 million shares outstanding (54 million fully diluted). It only increased a little over $10 million in market cap on this news. That's why we think it can move higher, likely to somewhere between $0.50 to $1.00. Splitting the difference at $0.75, that's a $40 million market cap, fully diluted. </p><p>The wild card is the float. And while we think $0.75 represents fair value, the supply-demand balance of shares has potential to send it much higher. This move is reminiscent of Go Metals Corp. (GOCO.CN) (GOCOF), which ran from $0.085 to $0.45 on the first day of its battery metals discovery news on September 13 and then proceeded to run all the way to $1.23 in the days that followed. Prior to today, DYG only traded 39,000 in volume on its TSXV listing in nine trading days, with six of those nine days having no volume at all. GOCO was similarly illiquid in the days leading up to its big move. GOCO has 24 million shares outstanding, so DYG's 42 million shares is in that ballpark in terms of small float. GOCO topped out at approximately a $30 million market cap and managed to raise money at that level on much less news than DYG's. It eventually tanked because follow up news has disappointed. DYG has already shown to have discovered material amounts of gold in this drill program.</p><p>Finally, there was an <a href="https://www.canadianinsider.com/ca-filing-details/4060540" target="_blank"><b>insider sell</b></a> of 706,500 shares at $0.34 by Karim Mohamedani that supposedly killed the momentum. It may have temporarily stalled the move, but this is actually good news. First, this insider sell represents 17% of the 4.25 million in volume across all exchanges today. If he stops selling, the price will have to go higher because buys across the market greatly outnumbered sells across the market, excluding his shares. The stock price ran to close at $0.36 from the low $0.30's late in the day, indicating that the market absorbed this news and the shares and has decided it's not a big deal. Mohamedani still owns over 4 million shares, indicating a significant position and may have just wanted to recover his initial cost basis, plus some profits. There is a risk that he will continue to sell, but he is not an insider from being a member of the management team or BOD, but a private investor who has significant stakes in several stocks. Therefore he is not privy to any additional information that would indicate selling is a good idea. He is merely taking profits. Finally, this SEDI report came out right away. Usually selling through anonymous brokers creates a lot of panic and speculation over who the large or "smart" seller is. DYG's insider sell reporting was immediate and transparent. There is much less manipulation going on here than compared to other stocks. </p><p>Given the news today, the tight share structure, illiquid nature of the stock and the 700,000 shares that were so easily absorbed in the mid-$0.30's, we think DYG is going to go on a multi-day run. </p><p>Disclosure: We are long DYG.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-44353696261981011562022-12-24T15:33:00.001-05:002022-12-24T15:35:02.526-05:00Buying FUU Again After Outstanding Initial Drill Results<p>The market has been an absolute disaster, especially for small caps over the last several months. Despite that, we have been on an incredible hot streak in the Canadian markets. Five for our last five, with three of those going up more than 100%:</p><p>1. In July <a href="https://nasdaqnewsreports.blogspot.com/2022/07/transaction-leads-to-2x-upside.html" target="_blank"><b>we called</b></a> GobiMin Inc. (GMNFF) (GMN.V) when it was $0.81. It recently had a take-private transaction at $1.84 and is now trading at $1.72 for a <b>112% gain</b>.</p><p>2. In October <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>we called</b></a> Surge Battery Metals Inc. (NILI.V) (NILIF) when it was $0.10. Material findings of lithium on its property with expectations of more to come has resulted in a $0.285 stock price, a <b>185% gain</b>. </p><p>3. In November <a href="https://nasdaqnewsreports.blogspot.com/2022/11/potentially-significant-new-uranium-discovery.html" target="_blank"><b>we called</b></a> Fission 3.0 Corp. (FUU.V) (FISOF) when it was $0.12. A massive uranium find has caused the stock to move up to $0.32, a <b>166% gain</b>. </p><p>4. On December 1, <a href="https://nasdaqnewsreports.blogspot.com/2022/12/second-100-percent-gainer-time-for-a-third.html" target="_blank"><b>we called</b></a> Equity Metals Corporation (EQTY.V)(EQMEF) at $0.11. It's $0.175 now for a <b>59% gain</b>. </p><p>5. Finally, on December 6, <a href="https://nasdaqnewsreports.blogspot.com/2022/12/oil-deal-leads-to-at-least-2x-upside.html" target="_blank"><b>we called</b></a> Valeura Energy Inc. (VLE.TO) (PNWRF) after the company announced an extremely profitable offshore oil acquisition at $1.45. It' $2.04 now for a <b>41% gain</b>. </p><p>This doesn't include Simply Better Brands Corp. (SBBC.V)(PKANF), which <a href="https://nasdaqnewsreports.blogspot.com/2022/07/oversold-and-undervalued-gem-has-10x.html" target="_blank"><b>we called</b></a> on July 13 when it was trading at $0.265. It hit a high of $0.96 eight days later but then a poorly timed financing killed its momentum and it's now trading at $0.22. </p><p><a href="https://value-trades.blogspot.com/2022/12/two-stocks-to-rebound-heavily-in-new.html" target="_blank"><b>Our U.S. calls</b></a> - Core Scientific, Inc. (CORZ) and Starry Group Holdings, Inc. (STRY) - went up 29% and 66% respectively, one day after we called them along with our new call on FUU. </p><p>If you want winners, we have proven that we can find them. Even in a massive bear market for small caps. We are up to 1,013 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 111 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>We initially stated to close off FUU long positions after a double on it around $0.24. Now we bought back in at a higher price of $0.29 after an absolutely massive uranium find and an expectation that it can double again or come close to it in the coming weeks. We are okay with buying back in higher since the proceeds from the initial win on FUU went into NILI and VLE. From the <a href="https://money.tmx.com/en/quote/FUU/news/7604859386542020/Fission_30_Hits_592_U308_over_10m_within_697_U308_over_150m_at_the_PLN_A1_Discovery" target="_blank"><b>news release on Thursday</b></a>:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Kelowna, British Columbia--(Newsfile Corp. - December 22, 2022) - <span style="font-weight: bolder;">Fission 3.0 Corp</span> (<span style="font-weight: bolder;">TSV: FUU</span>) (<span style="font-weight: bolder;">OTCQB: FISOF</span>)("<span style="font-weight: bolder;">Fission 3</span>" or "<span style="font-weight: bolder;">the Company</span>") is pleased to announce it has received uranium assay results from the discovery hole PLN22-035 at Patterson Lake North ("PLN") where off-scale radioactivity was previously reported (see Press Release Nov 21, 2022). The rushed analysis returned <span style="font-weight: bolder;">one continuous 15.0 m interval averaging 6.97% U</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">3</span></span><span style="font-weight: bolder;">O</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">8</span></span><span style="font-weight: bolder;"> including a high-grade 5.5 m interval averaging 18.6% U</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">3</span></span><span style="font-weight: bolder;">O</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">8</span></span>, which further includes an ultra-high-grade core which assayed <span style="font-weight: bolder;">59.2% over 1.0 m</span>. PLN22-035 was the first of three mineralized holes completed on line 00N, in addition to a fourth mineralized hole on line 015S.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Assay results from the remaining drill holes of the fall 2022 program will be released early 2023 as they become available and finalized.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Raymond Ashley, Vice President Exploration, commented</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>"These initial high-grade assays from the discovery hole PLN22-035 confirm impressive uranium mineralization at the A1 Zone we discovered during our recently completed fall drill program. We are excited to build on these results as we plan for our fully funded upcoming 20 hole drill program."</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Drilling Highlights of Discovery Hole:</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">PLN22-035 </span>(line 00N): mineralized intervals</p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><span style="font-weight: bolder;">15.0 m @ 6.97% U</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">3</span></span><span style="font-weight: bolder;">O</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">8</span></span><span style="font-weight: bolder;"> (257.5 m to 272.5 m), including:</span></li><li><span style="font-weight: bolder;">5.5 m @ 18.6% U</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">3</span></span><span style="font-weight: bolder;">O</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">8</span></span><span style="font-weight: bolder;"> (260.0 m to 265.5 m), further including:</span></li><li><span style="font-weight: bolder;">1.0 m @ 59.2% U</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">3</span></span><span style="font-weight: bolder;">O</span><span style="bottom: -0.25em; font-size: 10.5px; line-height: 0; position: relative; vertical-align: baseline;"><span style="font-weight: bolder;">8</span></span><span style="font-weight: bolder;"> (263.0 m to 264.0 m)</span></li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Table 1: Assay Results</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/8110/149229_85ee8b8314d1e970_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8110/149229_85ee8b8314d1e970_002.jpg" src="https://images.newsfilecorp.com/files/8110/149229_85ee8b8314d1e970_002.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br />To view an enhanced version of this graphic, please visit:<br /><a href="https://images.newsfilecorp.com/files/8110/149229_85ee8b8314d1e970_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/8110/149229_85ee8b8314d1e970_002full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Assay composite parameters:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">1: Minimum Thickness of 0.5 m</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">2: Assay Grade Cut-Off: 0.05% U3O8 (weight %)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">3. Maximum Internal Dilution: 2.0 m</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Composited weight % U3O8 mineralized intervals are summarized in Tables 1. Samples from the drill core are split in half sections on site. Where possible, samples are standardized at 0.5m down-hole intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK while the other half remains on site for reference. Analysis includes a 63 element suite including boron by ICP-OES, uranium by ICP-MS and gold analysis by ICP-OES and/or AAS. All depth measurements reported are down-hole and true thickness are yet to be determined but the Company estimates true thickness of the reported intervals in this news release to be close to reported intervals width.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">About Patterson Lake North:</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Company's large 39,946 hectare 100% owned Patterson Lake North property (PLN) is located just within the south-western edge of the Athabasca Basin in proximity to Fission Uranium's Triple R and NexGen Energy's Arrow high-grade world class uranium deposits which is poised to become the next major area of development for new uranium operations in northern Saskatchewan. PLN is accessed by Provincial Highway 955, which transects the property, and the new A1 uranium discovery is located 23km northwest of Fission Uranium's Triple R deposit.</p><p>Even though it's only over one meter, a 59% U3O8 mineralization is so ridiculously high, that one piece alone could justify FUU's $103 million CAD market cap. Here's <a href="https://twitter.com/Flex__J/status/1605919882180284416" target="_blank"><b>some napkin math</b></a> on the discovery. The hype will continue as more of the 20 drill hole program will be announced in early 2023. $8 million was raised in a <a href="https://money.tmx.com/en/quote/FUU/news/7446506558099712/Fission_30_Corp_Closes_C80_Million_Financing_to_Drill_20_Holes_on_PLN" target="_blank"><b>flow-through financing</b></a> at $0.42 to fund the program, so we don't expect another raise any time soon unless the stock price goes on a major run. </p><p>FUU rose 9% on Thursday and followed that up with 8% on Friday. Relatively muted gain given these results, but we think that was a product of the weak market. That gives an opportunity for investors to buy in the low $0.30's, an opportunity we believe won't last long. </p><p>Disclosure: We are long FUU.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-30126830822649101662022-12-07T01:05:00.016-05:002022-12-07T20:22:34.677-05:00Oil Deal Leads To At Least 2x Upside For Valeura EnergyWe have been on a hot streak lately while the market has been choppy. Our <a href="https://nasdaqnewsreports.blogspot.com/2022/12/a-second-100-percent-gainer-time-for-a-third.html" target="_blank"><b>recent calls</b></a> include a triple on <b>Surge Battery Metals Inc. (NILI.V) (NILIF) </b>in six weeks, a double on <b>Fission 3.0 Corp. (FUU.V) (FISOF) </b>in a few days and <b>Equity Metals Corporation (EQTY.V) (EQMEF) </b>up a couple of pennies so far. But this latest pick has the potential to blow all of those out of the water. <b>Valeura Energy Inc. (VLE.TO) (PNWRF)</b> increased 123% to close at $1.45 on Tuesday and is worth every penny of that and more after a major oil acquisition in Thailand. We are up to 1,008 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 105 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.<div><br /></div><div>The details of the <a href="https://money.tmx.com/en/quote/VLE/news/8561976741305515/Valeura_Energy_Inc_Announces_Transformative_Gulf_of_Thailand_Acquisition" target="_blank"><b>press release</b></a> are below but the major points to take away from it are as follows:</div><div><br /></div><div><ul style="text-align: left;"><li>VLE is paying $10.4 million USD plus a $50 million USD contingent payment for oil fields in the Gulf of Thailand</li><li>They currently produce 21,200 bbl/d of oil at an average cash cost of $22/bbl</li><li>Immediate pre-tax cash flows of $30 million a month at a $85/bbl Brent oil</li><li>2P reserves of 24.1 million at the end of 2021</li><li>Decommissioning costs of $214 million</li><li>The SPV where the acquisition resides in is 85% owned by VLE</li></ul><div>The transaction is expected to close in Q1 2023. By the time it closes, 2P reserves would imply approximately two years of worth of resources left. There is a high potential for replacement of those reserves and the operation could go on for much longer. But we will try to come up with a reasonable <i>minimum</i> value here. So we will assume a two year operating life. This is meant to be a quick back-of-the-napkin math, not a full analysis. </div><div><br /></div><div>Let's use an average price of $75 per barrel, leading to approximately $25 million a month in pre-tax cash flows. Over 24 months that is $600 million in cash flows. Subtract the $214 million in decommissioning costs and $60 million in guaranteed and contingent payment and we are left with $326 million in pre-tax cash flows. 85% of that is $277 million. As of September 30, 2022, VLE has $177 million in accumulated deficit and presumably a lot of that will result in NOL tax credits. So we expect the tax to be relatively low. Let's assume 15%. So we are looking at a net amount over the next two years of $236 million. Translated to CAD, that is $321 million in net cash post-tax value earned over the next two years. </div><div><br /></div><div>There are a lot of caveats to this, most of them being positive. The average oil price could be higher or lower than $75. But it will likely average higher over the next two years. Plus VLE could lock in pricing for its oil around $80 right now if it wanted to. The reserves will likely last longer than two years if VLE spends some capex on infill drilling, and that will also delay the inevitable decommissioning costs. The $50 million contingent payout is only applicable in upside pricing scenarios. So if $75 is indeed the average over the next two years, it's unlikely that this payment will be made in full. Finally, VLE has made mention of synergies with its existing business, as well as an ability to save on the decommissioning costs through efficiencies. All of these items could substantially increase the value of this deal.</div><div><br /></div><div>But right now VLE closed at a $126 million market cap. Investors should focus on reaching the $321 million valuation before worrying about even further upside. Because of the two year window, we are not applying any earnings multiple to these cash flows. It's literally just an (undiscounted) sum. </div><div><br /></div><div>VLE wasn't worth zero on December 5. It has some marginal operations in the area. Its combined production of its portfolio of assets including this new one will be 25,000 bb//day. It has some cash on the balance sheet which will be used to pay for the deal without diluting shareholders or taking on debt. The easiest way to value it is to take the $0.65 close and add $321 million to that. The company has 86.6 million shares outstanding plus 6.7 million in options for 93.3 million fully diluted shares. That's $3.44 per share. Therefore, <b><u>our fair value price estimate on VLE is $4.10 per share</u></b>. Again, this was based on back of the napkin math, but the stock price right now is only $1.45. There is a lot of room for error here. The stock could double to $3.00 and it would still have room for error. On a <i>minimum value</i> basis. If Valeura management is competent, it could easily trade at $10 or more a year from now after some of these numbers are proven in the financial statements and it shows it can extend the life of the project for several more years through infill drilling. </div><div><br /></div><div>An important thing to note is that the stock rose to $1.45 on only 3.2 million volume on the TSX on Tuesday, 6.6 million in total. Not a lot considering the 86.6 million shares outstanding. We think that the story has gone under the radar on an otherwise rough day for the markets. Conversely, existing VLE shareholders saw this deal and had no interest in putting their shares up for sale at these low prices. If VLE can follow up Tuesday's trading with a couple of days of 5 million volume or more, it could hit the $3.00 mark in relatively short order.</div><div><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">CALGARY, AB / ACCESSWIRE / December 6, 2022 /</span> Valeura Energy Inc. (TSX:VLE) ("Valeura" or the "Company") is pleased to announce that Valeura Energy Asia Pte. Ltd. (the "SPV"), a special purpose vehicle and a subsidiary of the Company, has entered into a Sale and Purchase Agreement with Mubadala Petroleum (Thailand) Holdings Limited (the "Seller") to acquire the Thailand upstream oil producing portfolio of Busrakham Oil and Gas Ltd ("Busrakham"), a subsidiary of Mubadala Energy (the "Acquisition").</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">This Acquisition consists of operated interests in three offshore licences in the Gulf of Thailand that include the Nong Yao, Jasmine/Ban Yen and Manora oil fields, which collectively currently produce approximately 21,200 bbls/d of oil, net to the interest being acquired. The purchase consideration for the Acquisition is US$10.4 million plus up to an additional US$50 million, contingent upon certain upside price scenarios. The acquisition has an effective date of August 31, 2022 ("Effective Date") and is subject to customary closing conditions.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Acquisition Highlights</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>A substantial expansion of Valeura's presence in Thailand, adding a portfolio of cash generative assets;<ul><li>Operatorship of three additional offshore licences in the Gulf of Thailand;</li><li>Current production add of 21,200 bbls/d of oil, net to the acquired interests;</li><li>Weighted average cash operating costs across the assets of approximately US$22/bbl, comprised primarily of fixed costs associated with offshore facilities;</li><li>Immediate pre-tax cash flows of approximately US$30 million per month<span style="font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">1</span>;</li><li>Total proved plus probable (2P) reserves of approximately 24.1 mmbbls oil<span style="font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">2</span>;</li></ul></li><li>Deal consideration of US$10.4 million as of the Effective Date plus up to an additional US$50 million, contingent upon certain upside price scenarios;</li><li>Value accretive transaction, with no requirement for additional equity to complete the Acquisition, and hence no dilution to shareholders;</li><li>Near-term production growth opportunity through Nong Yao field development project planned to be onstream in early 2024;</li><li>Field life extension opportunities through ongoing infill drilling to continue the assets' long history of reserves additions, amounting to approximately 80% replacement of produced reserves over the past five years;</li><li>A largely autonomous business unit organisation comprised of an approximately 180-person strong operating workforce in Thailand; and</li><li>Expected organisational and financial synergies with Valeura's acquisition of the KrisEnergy Gulf of Thailand assets as announced in Q2 2022.</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Unless otherwise noted, all production and reserves estimates in this announcement are presented on a working interest acquired basis, net to the SPV, which is controlled and 85% owned by Valeura.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">1</span> Management estimate, based on current operating conditions and US$85/bbl Brent oil.<br /><span style="font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">2</span> Reserves estimates are based on the Company's internal assessment (non-independent) as of December 31, 2021.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Sean Guest, President and CEO of Valeura commented:</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>"This is a transformative transaction for Valeura, firmly establishing our Company as the largest independent operator of oil production in Thailand. By adding 21,200</i> <i>bbls/d net to the SPV, we expect to immediately generate pre-tax cash flows of approximately $30 million per month, and this amount is expected to grow in the very near term as we increase production to 25,000 bbls/d and beyond with the addition of production from our pre-existing portfolio. We set out to build a business that generates cash now, while providing re-investment opportunities for the medium-term, and we believe that the two acquisitions we have signed in 2022 accomplish these goals and more, creating significant value for our shareholders without dilution.</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>Our forward efforts will focus on developing the potential of these assets, by projects including further</i> <i>development of the Nong Yao field where we are forecasting peak production rates in 2024, re-investment into the Jasmine and Ban Yen fields to continue their long history of reserves replacement, and on selective step-out opportunities where we see the potential to more fully utilise the fields' extensive infrastructure to commercialise new accumulations. As of the end of 2021, the assets held 24.1 million bbls of estimated 2P oil reserves, representing approximately a four-fold increase over our pre-existing corporate reserves.</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>Moreover, we see the new assets and the workforce as an excellent fit with our highest priorities. In particular, the team's demonstrated history in safe operations with a strong environmental performance is well aligned with our sustainability goals and we are delighted to welcome the approximately 180 like-minded individuals to the Valeura team. Just as we've routinely done with producing assets under our care, we intend to pursue opportunities to extend the value and economic life of these fields, whilst remaining mindful of our longer-term responsibility to ensure their eventual decommissioning is planned and appropriately funded. This line of thinking has been incorporated into all aspects of our commercial evaluation of this transaction.</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>We look forward to starting this exciting chapter in our Company's history, further expanding into a region of the world we know well and charging into 2023 as a transformed company with substantial cash generation capacity and a clear path to further grow our potential value."</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Acquisition</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Acquisition is structured as a corporate acquisition whereby the SPV will purchase all of the shares of Busrakham, a company established in 2021 to hold the Thailand assets being sold by the Seller, under the terms of a Sale and Purchase Agreement ("SPA"). Upon completion of the Acquisition, the SPV will become the operator and the owner of working interests in the three offshore licences being acquired, as well as all related production infrastructure and onshore support facilities including supply bases, offices, and warehouses.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Under the SPA, the Acquisition has an initial headline purchase price of US$10.4 million and entails Valeura assuming the current work programme and future abandonment liabilities. The Acquisition is subject to customary closing conditions and will require the lodging of a Valeura parent company guarantee, in place of the Seller's guarantee with the Thailand regulator. Valeura will pay the Seller a deposit of US$6 million and anticipates closing the Acquisition in Q1 2023. As of the Effective Date, Busrakham had approximately a nil working capital balance.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Further contingent consideration under the SPA will become due to the Seller under certain upside benchmark oil price scenarios in 2022, 2023, or 2024. Such contingent consideration is capped at a maximum of US$50 million.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Funding</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Given Valeura's cash position at the end of Q3 2022 of US$23.1 million, the modest headline consideration price, the impact of ongoing cash flows from the assets and the expected closing date, Valeura is able to fund the Acquisition without an equity raise. Accordingly, the Acquisition is expected to be non-dilutive to current shareholders of Valeura.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Upon closing of the Acquisition, a drawdown of up to US$50 million is advanceable to the SPV from Trafigura Pte. Ltd., which is in addition to the initial potential maximum capacity of discrete drawdowns of up to US$30 million, under the facility announced on November 11, 2022 (the "Facility"). Such additional drawdown is subject to the satisfaction of certain conditions precedent. While the assets acquired through the Acquisition are anticipated to be strongly cash generative, the Facility provides additional financial liquidity.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Human Capital</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">As part of the Acquisition, the Seller's organisation in Thailand and support infrastructure including supply bases, warehouses and offices will join Valeura. This includes substantially all of the Seller's Thailand-based staff, comprised of approximately 180 individuals.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The team is specifically tailored to the continuing opportunity set presented by the assets, with a strong emphasis on technical expertise in the areas of subsurface, drilling, production, engineering, and supporting departments. As such, the organisation will continue to function as a largely autonomous business unit, under Valeura's direction.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Several leaders within the organisation have worked with the assets throughout their life cycle, starting with the fields' original discovery and development. Valeura intends to retain this depth of experience within the Company and to ensure key in-country relationships are maintained throughout the integration process and thereafter.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Licence G11/48 (Nong Yao oil field)</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The SPV will acquire operatorship and a 90% working interest in Licence G11/48, which contains the partially developed Nong Yao oil field. The 10% partner in the block is Palang Sophon Limited who is also Valeura's partner in its G10/48 Licence, acquired earlier this year. The Nong Yao oil field is located in the central portion of the Pattani basin of the Gulf of Thailand, approximately 160 km offshore and in 75 metres water depth. The Nong Yao oil field contains 12.4 million bbls of 2P oil reserves, on a net working interest acquired basis, as of December 31, 2021, based on the Company's internal (non-independent) management estimate. By the end of 2021, the Nong Yao oil field had produced over 20 million bbls of oil and every year the expected ultimate recovery (combination of actual production and expected reserves) of oil from the field has increased with the identification and development of additional accumulations. Management's reserves estimate is substantially higher than the original 2P reserves as represented in the field's development plan, prior to production start-up in 2015 (2.7 million bbls on a net 90% basis), reflecting that the original estimated reserves have been replaced many times over through ongoing activity.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Current production at the Nong Yao field is approximately 8,100 bbls/d, net to the 90% working interest, and is forecast to increase in 2024 through further development activity.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Nong Yao oil field has been thus far developed from two interconnected fixed platforms, including 37 wells and a processing facility. Processed oil is stored in a leased Floating Storage and Offloading ("FSO") vessel on location, and is offloaded to shuttle tankers for international sale. Operating costs for the Nong Yao field are approximately US$12/bbl at predicted near-term rates. Nong Yao production is light, sweet crude oil which typically receives prices approximately on par with the Brent crude oil benchmark.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Licence G11/48 is based on Thailand's <i>Thai III</i> fiscal terms which entail a sliding scale royalty from 5% to 15% on gross production (approximately 8% at current rates), a Special Remuneration Benefit ("SRB") on net windfall profits ranging from 0% to 75% (approximately 20% under current circumstances), and petroleum income tax of 50% on net profits.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Further development activities are currently underway on Licence G11/48, in support of commercialising a south-eastern area of the field known as the Nong Yao extension. The project seeks to add a new Mobile Offshore Production Unit ("MOPU") which will be connected by pipeline to the existing infrastructure and to drill an additional 12 development wells. Construction of the new MOPU is in the under way, with the MOPU expected to mobilise to the Nong Yao oil field in Q4 2023, with commissioning and drilling activity scheduled to take place immediately thereafter. Valeura forecasts peak production from the field in 2024 at a rate of approximately 11,000 bbls/d, net to the 90% working interest.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">With the Nong Yao extension facilities in place, Valeura intends to pursue a work programme aimed at identifying further opportunities on the south-eastern area of the field and beyond, with the objective of replicating the history of reserves renewal characteristic of Pattani basin fields. In particular, the Company aims to add incremental reserves and production to offset natural declines such that the field's economic life extends beyond the currently calculated limit of end 2028 and toward the ultimate licence expiry of 2036.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Company believes the southern portion of Licence G11/48 may contain potential upside opportunities including a string of prospective small oil accumulations in the Nong Nuch area identified on 3D seismic. Valeura intends to conduct further study on these opportunities, including assessing the potential for incremental volumes through additional near-field exploration or a cluster development scenario.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Licence B5/27 (Jasmine and Ban Yen oil fields)</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The SPV will acquire operatorship and a 100% interest in Licence B5/27, which contains the developed Jasmine and Ban Yen oil fields. The Jasmine and Ban Yen oil fields are located in the northern portion of the Pattani basin of the Gulf of Thailand, approximately 180 km offshore and in 60 metres of water. Together, the Jasmine and Ban Yen fields contain 9.9 million bbls of 2P oil reserves on a net working interest acquired basis as of December 31, 2021, based on management's internal (non-independent) estimate. The estimated ultimate recovery for the Jasmine and Ban Yen fields (defined as cumulative production to date plus reserves) has grown steadily throughout the fields' life, and by the end of 2021 the fields had produced over 85 million bbls of oil.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Current production at the Jasmine and Ban Yen oil fields is approximately 10,100 bbls/d and the Company anticipates mitigating natural production decline through infill drilling and further development opportunities, thereby further increasing the estimated ultimate recovery.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Jasmine and Ban Yen oil fields have been developed through a total of six fixed topside facilities and a leased Floating Production Storage and Offloading vessel ("FPSO"), the <i>Jasmine Venture MV7</i>. The facilities include well slots for 132 wells, of which 110 slots are utilised by producer wells and 22 slots by injection and disposal wells. Processed oil is stored at the FPSO, and is offloaded to shuttle tankers for sale into the domestic Thai market. Given the fixed nature of facilities associated with Licence B5/27, operating costs are relatively stable at approximately US$30/bbl at current production rates. Production from the Jasmine and Ban Yen fields is light, sweet crude oil, which typically receives a discount of approximately US$2/bbl below the Brent crude oil benchmark.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Licence B5/27 is based on Thailand's <i>Thai I</i> fiscal terms which entail a flat 12.5% royalty in addition to a petroleum income tax rate of 50% on net profits. Licence B5/27 is also encumbered by certain private legacy commercial arrangements approximately equivalent to an additional royalty of 4.5%.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Jasmine and Ban Yen fields are mid-life oil producing assets which present opportunities to access additional reserves and hence to bring new volumes through fixed facilities, thereby mitigating overall field decline rates and potentially extending field life. A programme of ongoing infill development drilling is underway on Licence B5/27 which has included nine wells drilled to date in 2022 plus approximately 19 further wells planned over the 2023 - 2026 time frame. Valeura intends to continue this work programme with the aim of adding additional reserves and production to offset natural declines such that the fields' target production rate remains broadly stable while its economic life extends beyond the currently calculated limit of end 2027 and toward the ultimate licence expiry of 2032.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Valeura has identified several opportunities for further development of the licence, including potential oil accumulations within reach of the existing wellhead infrastructure and the potential for additional exploration within the licence area. These prospects require further commercial and technical evaluation, however, the projects appear to be representative of the type of opportunity which has historically resulted in repeated extensions of the asset's economic life.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Licence G1/48 (Manora oil field)</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The SPV will acquire operatorship and a 70% working interest in Licence G1/48, which contains the developed Manora oil field. The 30% partner is Tap Oil. The Manora oil field is located in the Kra sub-basin, a north-west extension of the Pattani basin in the Gulf of Thailand, approximately 84 km offshore and in 45 metres water depth. The Manora field contains 1.7 million bbls of 2P oil reserves on a net working interest acquired basis, as of the December 31, 2021, based on management's internal (non-independent) reserves assessment.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Current production at the Manora oil field is approximately 3,000 bbls/d, net to the 70% working interest.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Manora oil field has been developed by a single fixed wellhead and processing platform and a leased FSO vessel on location. The platform includes 30 well slots, of which 15 are utilised by production wells and seven by injection and disposal wells. Processed oil is stored in the FSO and is offloaded to shuttle tankers for international sale. Operating costs for the Manora oil field are approximately US$25/bbl at current rates. Manora production is medium-weight, sweet crude which typically receives a price approximately on par with the Brent crude oil benchmark.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Licence G1/48 is based on Thailand's <i>Thai III</i> fiscal terms which entails a sliding scale royalty from 5% to 15% (approximately 8% at current rates), a SRB on net windfall profits ranging from 0% to 75% (approximately 8% under current circumstances), and petroleum income tax of 50% on net profits.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Manora field is a mature asset for which a decommissioning plan has been prepared and submitted to Thailand's upstream regulator. While that plan contemplated an end to the field's economic life in 2022, recent activity has materially changed the Company's outlook for the field. In particular, two infill development wells drilled in Q4 2022 have encountered oil and planning is currently underway to bring these wells online which the Company anticipates will be additive to production rates. The Company anticipates that information from these wells will be incorporated into a future reserves evaluation, effective December 31, 2022.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">In addition, the Company intends to apply learnings from these wells toward its future planning for the field, as part of an aim to extend the field's economic limit beyond its currently calculated limit of early 2025, and further toward the licence's final expiry in 2033.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Reserves</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Reserves estimates disclosed in this announcement are based on an internal evaluation (non-independent) conducted by Valeura with an effective date of December 31, 2021.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Reserves estimates are based on year-end 2021 information, and as such they do not include the impact of recent adjustments to work programmes, including the positive effect of additional wells, not previously contemplated for 2022, or include the production to date in 2022. With successful ongoing drilling operations on all fields, the Company is optimistic that future reserves evaluations will continue to illustrate the notion of reserves renewal and an increase in the expected ultimate oil recovery. This is underscored by the fact that the most recent monthly production from the fields of 21,255 bbls/d is a less than 10% reduction from the published oil production rates from these fields in 2021.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Valeura intends to commission Netherland, Sewell & Associates, Inc. to conduct a reserves and contingent resources evaluation for all of its Thailand assets effective December 31, 2022, in accordance with the Canadian Oil and Gas Evaluation Handbook, with results to be published by the Company in due course in the first quarter of 2023 subject to closing of the Acquisition.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Sustainability</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Valeura's management believes the most efficient way to ensure a sustainable ongoing supply of liquid hydrocarbons is through more fully exploiting discovered or partly developed accumulations. Valeura's investment strategy is to continually strive to more fully utilise existing infrastructure to add incremental oil volumes as efficiently as possible from both a value and an environmental standpoint.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">At the same time, Valeura has prioritised minimising greenhouse gas ("GHG") emissions and responsibly managing waste disposal across all its operations. All assets to be acquired are equipped with water disposal wells and do not undertake any overboard discharge of produced water. Once the Acquisition has closed, Valeura intends to gather baseline data on GHG and other emissions, fuel consumption, and waste generated, in order to establish a continuous improvement programme on each of these metrics. The Company intends to begin reporting on these data, in due course, to enhance the transparency of its efforts. The Company will also examine ways to further conserve the small levels of solution gas production, including as an offshore fuel source as currently implemented at the Manora field.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Valeura believes sustainable operations must also focus on supporting its human capital. The Company has a history of utilising a predominantly local workforce wherever it operates and the current organisation will continue to be comprised of approximately 95% local Thai staff. Valeura intends to continue this approach with the team joining Valeura, by providing exposure to international standards, leading-edge support resources, and training across the business.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Decommissioning</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The geology of the Gulf of Thailand, with multiple stacked sandstone reservoirs, lends itself to a continual programme of reserves replacement through ongoing infill drilling aimed at more fully commercialising discovered oil accumulations at each of the fields and maximising the use of fixed infrastructure. This has been successfully applied year after year with these assets. Particularly the Nong Yao and Jasmine fields are typical examples, wherein the expected ultimate oil recovery in both fields reflects a more than 10-fold increase over the initial field development plan. Additionally, while the forward plan of the fields consistently indicate that production decline is imminent, the current production of the acquired indicates a very stable profile. The Company sees the potential to continue this trend in the near-term and intends to pursue opportunities to economically extend field-life. This is central to its Gulf of Thailand strategy.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Valeura recognises its obligation to plan and fund the ultimate decommissioning of the assets being acquired and has included estimates in all of its economic evaluations. Total decommissioning costs have been currently estimated by the operator, using internal and/or external engineering estimates, to be an aggregate net outlay of approximately US$214 million on an undiscounted basis. Under Thailand's regulations, of the three licences in the Acquisition, to date, only Licence G1/48 (Manora) has reached a reserves recovery level that required a decommissioning plan to be submitted, and approximately one third of the estimated decommissioning obligation has already been guaranteed with the Thailand regulator. Anticipated future decommissioning spending for all assets will be recorded as a long-term liability on the Company's balance sheet.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">With the increase in decommissioning activity in the Gulf of Thailand, the Company has been monitoring the recent public successes by other independent operators in the Gulf of Thailand and recognises that collaborating with industry peers may yield efficiencies in decommissioning practices. Through the advent of such approaches as rigless well abandonments, wellhead platform and equipment reuse, and potential equipment sharing within the region, Valeura intends to explore how best to satisfy its decommissioning obligations while reducing GHG and other emissions and reducing the total expenditure required. Accordingly, the Company believes there is scope to reduce the long-term financial liability associated with decommissioning, alongside its aforementioned approach to pursuing economic life extension projects on all assets.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Financial Synergy</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Valeura anticipates future operating and economic synergies by consolidating the assets being acquired with its existing business, particularly the assets acquired with its initial Thailand acquisition, as announced on April 28, 2022. The Company intends to explore opportunities for cost optimisation through shared logistics and corporate services, as well as potential savings throughout its supply chain as a result of the economies of scale built through combining portfolios.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Outlook</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Valeura anticipates closing the Acquisition in Q1 2023 subject to the satisfaction and/or waiver of all conditions under the SPA. Thereafter, the Company intends to provide an operational guidance outlook for 2023. The Company anticipates integration of the joining Thailand organisation with its pre-existing Thailand organisation and head office will progress through at least the first half of 2023.</p></div></div><div><br /></div><div>Disclosure: We are long VLE.TO</div><div><br /></div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-68803957356810772072022-12-03T23:01:00.004-05:002022-12-03T23:18:39.783-05:00Collecting A Second 100% Gainer, Time For A Third?<p>We have been on a hot streak lately with two 100% gainers in the last month. Now we believe it's time for a third. On October 21 we wrote <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>a bullish article</b></a> on <b>Surge Battery Metals Inc. (NILI.V) (NILIF) </b>while it was trading at $0.10. It has since risen 175% to $0.275. On November 22, <a href="https://nasdaqnewsreports.blogspot.com/2022/11/potentially-significant-new-uranium-discovery.html" target="_blank"><b>we wrote a bullish call</b></a> on <b>Fission 3.0 Corp. (FUU.V) (FISOF) </b>when the stock traded at $0.12. It's up to $0.29, but <a href="https://nasdaqnewsreports.blogspot.com/2022/11/march-to-30-cents.html" target="_blank"><b>we recommended to take profits</b></a> at another double a few days ago. The third stock we think can be another 100% or more runner is <b>Equity Metals Corporation (EQTY.V) (EQMEF)</b> after it rose 47% to close at $0.11 on Thursday after some excellent news. We are up to 1,008 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 102 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>After the news of this past week, we think a <b>fair price target on NILI is $0.75</b>. A <b>fair price target on EQTY is $0.50</b>. We don't have a price target on FUU anymore as we have sold out, but wish investors continued luck. For comparison, EQTY's market cap is $11 million, NILI's market cap is $26 million and FUU's market cap is $88 million. Yes, it's hard to compare a precious metals explorer to a lithium explorer to a uranium explorer. But the targets we have for NILI and EQTY would still imply lower market caps than FUU's today. FUU has a bright future, but these other two stocks have greater upside at these relative prices.</p><p>We will get to NILI later, but first we will review <a href="https://money.tmx.com/en/quote/EQTY/news/6755477026167928/Equity_Metals_Announces_a_Significant_Increase_to_the_Mineral_Resource_Estimate_at_the_Silver_Queen_Project_BC" target="_blank"><b>EQTY's press release</b></a> from this past week as the bullish thesis is short and straightforward:</p><h2 class="sc-mDovX jtVkES" style="background-color: #f6f7f8; border-bottom: 2px solid rgb(192, 197, 205); color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 24px; letter-spacing: 0.4px; line-height: 32px; margin: 0px 0px 5px; padding: 0px 0px 10px;">Equity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BC</h2><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><u><i><span style="font-weight: bolder;">Highlights</span></i></u></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><p style="margin: 20px 0px;"><span style="font-weight: bolder;">Increase in </span><i><span style="font-weight: bolder;">Indicated Category</span></i><span style="font-weight: bolder;"> by 187% to 62.8Mozs AgEq or by 214% to 765Kozs AuEq: 21.0Mozs Ag (+297%), 237Kozs Au (+179%), 18Mlbs Cu (+288%), 48Mlbs Pb (+178%) and 267Mlbs Zn (+134%)</span></p></li><li><p style="margin: 20px 0px;"><span style="font-weight: bolder;">Increase in </span><i><span style="font-weight: bolder;">Inferred Category</span></i><span style="font-weight: bolder;"> by 30% to 22.5Mozs AgEq or by 41% to 273Kozs AuEq: 10.3Mozs Ag (+117%), 50Kozs Au (-21%), 10Mlbs Cu (+79%), 23Mlbs Pb (+45%) and 84Mlbs Zn (-9%)</span></p></li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Vancouver, British Columbia--(Newsfile Corp. - December 1, 2022) - <span style="font-weight: bolder;">Equity Metals Corporation (TSXV: EQTY) ("Equity" or "Company") </span>reports that Kirkham Geosystems Ltd ("KGL") and P&E Mining Consultants Inc. ("P&E") have completed an updated Independent Mineral Resource Estimate ("MRE") for the Silver Queen Project, British Columbia, Canada. The MRE features lateral and down-dip extensions of the previously modelled No. 3 and NG-3 Veins, originally included in the 2019 MRE, and new, previously unmodelled mineralization from the Camp and Sveinson Targets. The MRE utilizes a Net Smelter Return ("NSR") cut-off at C$100/t with updated metal pricing.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">President Joe Kizis comments, <i>"At the time we assumed management of the Company in Q3 of 2019, we felt there were clear opportunities to quickly add significantly to the 2019 MRE at Silver Queen, and we are proud to report our success at a very low cost of $0.15/oz of added AgEq or $11/oz of added AuEq. The MRE remains open for additional delineation west of the Camp Target and within the Sveinson Target. In addition, there are several targets that have only been tested by a few drill holes and remain very attractive areas for new discoveries and MRE increase."</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Silver Queen Resource Model highlights:</span><br />Compared to the 2019 Mineral Resource Estimate, the 2022 update, at a C$100/t NSR cut-off, features:</p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>A <span style="font-weight: bolder;">2.6Mt</span> increase in <span style="font-weight: bolder;">Indicated Mineral Resources </span>to<span style="font-weight: bolder;"> 3.46Mt averaging 189g/t Silver, 2.13g/t Gold, 0.24% Copper, 0.6% Lead and 3.5% Zinc (565g/t AgEq or 6.9g/t AuEq) </span>containing:</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px 20px 40px;">21.0 million ounces of silver; 237 thousand ounces of gold; 18 million pounds of copper; 48 million pounds of lead; and 267 million pounds of zinc.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px 20px 40px;">This equates to <span style="font-weight: bolder;">62.8 million ounces silver equivalent or 767 thousand ounces of gold equivalent; </span>and</p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>A <span style="font-weight: bolder;">1.1Mt</span> increase in <span style="font-weight: bolder;">Inferred Mineral Resources </span>to<span style="font-weight: bolder;"> 1.92Mt averaging 162g/t Silver, 0.80g/t Gold, 0.23% Copper, 0.5% Lead and 2.0% Zinc (356g/t AgEq or 4.3g/t AuEq) </span>containing:</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px 20px 40px;">10.3 million ounces of silver; 50 thousand ounces of gold; 10 million pounds of copper; 23 million pounds of lead; and 84 million pounds of zinc.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px 20px 40px;">This equates to <span style="font-weight: bolder;">22.5 million ounces silver equivalent or 273 thousand ounces of gold equivalent.</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The updated MRE incorporates an additional 25,659 metres of core drilling completed in 2020-22 and updated metal recoveries and pricing.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Silver Queen Project Highlights</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>A total of <span style="font-weight: bolder;">78 drill holes</span> for <span style="font-weight: bolder;">25,659 metres</span> was completed by the Company on the Silver Queen Project in six successive phases of exploration starting in late 2020. Five separate target areas have been tested in part and thick intervals of high-grade gold, silver and base-metal mineralization have been identified in each of the Camp Vein, the Sveinson Target, No. 3 Vein, and NG-3 Vein systems.</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/5566/146367_9a17d757e49a3999_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/5566/146367_9a17d757e49a3999_002.jpg" src="https://images.newsfilecorp.com/files/5566/146367_9a17d757e49a3999_002.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br /><span style="font-weight: bolder;">Figure 1: Plan map of targets and deposits on the Silver Queen vein system, BC</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 1, please visit:<br /><a href="https://images.newsfilecorp.com/files/5566/146367_9a17d757e49a3999_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/5566/146367_9a17d757e49a3999_002full.jpg</a></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><p style="margin: 20px 0px;">The updated NI 43-101 Mineral Resource Estimate increases the tonnage by approximately <span style="font-weight: bolder;">240%</span> with the increase being from the result of revised metal pricing, the extension to the NG-3 Deposit and the addition of mineralization from the Camp and Sveinson Veins.</p></li><li><p style="margin: 20px 0px;">Approximately <span style="font-weight: bolder;">64%</span> of the Mineral Resources are classified as <span style="font-weight: bolder;">Indicated Resources</span> on a per <span style="font-weight: bolder;">tonnage basis</span> and <span style="font-weight: bolder;">74%</span> of the total on a<span style="font-weight: bolder;"> AgEq basis</span> reflecting the overall higher average grade <span style="font-weight: bolder;">(565g/t AgEq)</span> of the MRE in the <span style="font-weight: bolder;">Indicated</span> <span style="font-weight: bolder;">category</span>.</p></li><li><p style="margin: 20px 0px;">The Mineral Resource has a strong precious-metal bias with gold and silver accounting for approximately <span style="font-weight: bolder;">64%</span> of the total value.</p></li><li><p style="margin: 20px 0px;">The Mineral Resource update features a significant increase in contained silver ounces in both the Indicated <span style="font-weight: bolder;">(+297%)</span> and Inferred <span style="font-weight: bolder;">(+117%)</span> categories, which is supported in large part by the addition of strongly silver enriched mineralization from the Camp Veins.</p></li><li><p style="margin: 20px 0px;">The company has expended <span style="font-weight: bolder;">C$6.75 million</span> on exploration of the Silver Queen project since 2019 resulting in a <span style="font-weight: bolder;">cash-discovery-cost</span> of only <span style="font-weight: bolder;">C$0.15/oz per AgEq</span> added or <span style="font-weight: bolder;">C$11/oz AuEq</span> added.</p></li><li><p style="margin: 20px 0px;">Tabulation of grades and tonnages sensitivities (Table 2) demonstrate an excellent retention of higher-grade mineralization at increasing C$NSR cut-offs with <span style="font-weight: bolder;">84%</span> of the <span style="font-weight: bolder;">Base-case Mineral Resource</span> when expressed on a <span style="font-weight: bolder;">AgEq basis</span> remaining at a <span style="font-weight: bolder;">C$200 NSR</span> cut-off.</p></li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Vein Target Specifics</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><p style="margin: 20px 0px;">Drilling on the Camp Target identified a conjugate vein set comprising steep southwest-dipping, strongly silver-enriched veins and steep north-dipping, gold-enriched polymetallic veins. Individual veins demonstrate good lateral continuity over +150 metre strike-lengths within an overall cumulative strike-length of the target of approximately 300 metres. Drilling confirmed continuity of the vein sets to depths of up to 195 metres, with several veins extending laterally to the east and projecting into the Sveinson Target.</p></li><li><p style="margin: 20px 0px;">The Sveinson Target includes the previously identified No. 5 and Switchback Veins and forms a broad, 150 metre wide, veined structural corridor that projects laterally eastward for over 1000 metres where it transitions into the No. 3 Vein system. Drilling successfully intersected multiple shallow veins at less than 100 metres below surface as well as several deeper vein intercepts at over 350 metres below surface. Numerous veins have been encountered across the full 150 metre width of the Sveinson Structural Zone, with several individual vein segments demonstrating good lateral continuity along 200 to 400 metre strike lengths.</p></li><li><p style="margin: 20px 0px;">The No. 3 Vein system, strikes northwest to southeast and dips to the northeast at approximately 60 degrees. The average width of the veins is 0.9 to 1.2 metres with local increases up to about 4.6 metres. The No. 3 Vein can be traced on surface and in drilling for over a 1.2 kilometre strike length where it transitions across an oblique structure and into the NG-3 Vein system.</p></li><li><p style="margin: 20px 0px;">The NG-3 Target forms the southeast extension of the No. 3 Vein and was tested with eight core holes which returned several intersections of high-grade gold and silver. Equity's drilling has now confirmed the extension of the NG-3 Vein to over 300 metres of strike and to depths of up to 240 metres below surface. The drill holes have established internal continuity between widely spaced historical intercepts drilled by previous management and earlier drilling by Equity. Mineralization remains open along strike and down dip.</p></li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Inferred Resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be classified as Mineral Reserves. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">A NI 43-101 Technical Report will be posted on SEDAR within 45 days.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Table 1: Base Case Mineral Resource Estimate for the Silver Queen Project Utilizing a C$100/t NSR cut-off value</span></p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10pt; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td colspan="2" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Indicated Resources</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> </span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"> </span></td><td align="right" colspan="2" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 171.792px;"><span style="font-weight: bolder;">Average Grade</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"> </span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"> </span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> </span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Zone</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Tonnes</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Ag</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Au</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Cu</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Pb</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Zn</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AgEq</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AuEq</span></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;"> </span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kt)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> </td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">No. 3 and NG3 Veins</td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 2,942</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">150</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">2.45</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">0.25</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">0.7</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">3.8</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">569</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">6.9</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">Camp Vein</td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 514</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">412</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.31</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.19</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.4</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">1.5</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">541</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">6.5</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Total</span></td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> 3,455</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">189</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">2.13</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">0.24</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">0.6</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">3.5</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">565</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">6.9</span></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10pt; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Inferred Resources</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" colspan="2" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 171.792px;"><span style="font-weight: bolder;">Average Grade</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Zone</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Tonnes</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Ag</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Au</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Cu</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Pb</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Zn</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AgEq</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AuEq</span></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;"><br /></span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kt)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><br /></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">No. 3 and NG3 Veins</td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 257</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">110</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">1.94</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">0.32</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">0.2</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">1.1</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">361</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">4.4</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">Camp Vein</td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 1,664</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">176</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.64</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.22</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.6</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">2.1</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">366</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">4.4</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Total</span></td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> 1,920</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">167</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">0.82</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">0.23</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">0.5</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">2.0</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">365</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">4.4</span></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10pt; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td colspan="2" style="border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Indicated Resources</span></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" colspan="2" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 171.792px;"><span style="font-weight: bolder;">Contained Metal</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Zone</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Tonnes</span></td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Ag TrOz</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Au TrOz</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Cu</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Pb</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Zn</span></td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AgEq TrOz</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AuEq TrOz</span></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;"><br /></span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kt)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">No. 3 and NG3 Veins</td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"> 2,942</td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">14,168</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">232</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">16</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">43</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">249</td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">53,852</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">657</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">Camp Vein</td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 514</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">6,808</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">5</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">2</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">5</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">17</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">8,940</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">108</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Total</span></td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> 3,455</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">20,976</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">237</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">18</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">48</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">267</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">62,792</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">765</span></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10pt; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Inferred Resources</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" colspan="2" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 171.792px;"><span style="font-weight: bolder;">Contained Metal</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Zone</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Tonnes</span></td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Ag TrOz</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Au TrOz</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Cu</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Pb</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Zn</span></td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AgEq TrOz</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AuEq TrOz</span></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;"><br /></span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kt)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">No. 3 and NG3 Veins</td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"> 257</td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">911</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">16</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">2</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">1</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">6</td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">2,975</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">36</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">Camp Vein</td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 1,664</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">9,387</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">34</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">8</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">22</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">78</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">19,562</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">237</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Total</span></td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> 1,920</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">10,298</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">50</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">10</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">23</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">84</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">22,536</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">273</span></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-size: 11px;"><i>1)</i> <i>The current Mineral Resource Estimate was prepared by Garth Kirkham, P.Geo., of Kirkham Geosystems Ltd and Eugene Puritch, P. Eng., FEC, CET and Fred Brown, P, Geo. of P&E Mining Consultants Inc. ("P&E"), Independent Qualified Persons ("QP"), as defined by National instrument 43-101.</i><br /><i>2)</i> <i>All Mineral Resources have been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum ("CIM") definitions, as required under National Instrument 43-101 ("NI43-101").</i><br /><i>3)</i> <i>Mineral Resources were constrained using continuous mining units demonstrating reasonable prospects of eventual economic extraction.</i><br /><i>4)</i> <i>Silver and Gold Equivalents were calculated from the interpolated block values using relative process recoveries and prices between the component metals and silver to determine a final AgEq and AuEq values.</i><br /><i>5)</i> <i>Silver and Gold Equivalents and NSR$/t values were calculated using average long-term prices of $20/oz silver, $1,700/oz gold, $3.50/lb copper, $0.95/lb lead and $1.45/lb zinc. All metal prices are stated in $USD. </i>The C$100/tonne NSR cut-off grade value for the underground Mineral Resource was derived from mining costs of C$70/t, with process costs of C$20/t and G&A of C$10/t. Process recoveries used were <i>Au 70%, Ag 80%, Cu 80%, Pb 81% and Zn 90%.</i><br /><i>6)</i> <i>Grade capping was performed on 1m composites for the No. 3 and NG-3 veins and whole vein composites for the Camp and Sveinson veins. For the No. 3 and NG-3 veins Inverse distance cubed (I/d3) was utilized for grade interpolation for Au and Ag and inverse distance squared (I/d2) was utilized for Cu, Pb and Zn. Inverse distance squared (I/d2) was used for all metals in the Camp and Sveinson veins.</i><br /><i>7)</i> <i>A bulk density of 3.56t/m</i><span style="font-size: 8.25px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;"><i>3</i></span><i> was used for all tonnage calculations in the No. 3 and NG-3 veins. A variable density with a 3.15 average was used for the Camp and Sveinson veins.</i><br /><i>8)</i> <i>Mineral Resources are not Mineral Reserves until they have demonstrated economic viability. Mineral Resource Estimates do not account for a Mineral Resource's mineability, selectivity, mining loss, or dilution.</i><br /><i>9)</i> <i>An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.</i><br /><i>10)</i> <i>All figures are rounded to reflect the relative accuracy of the estimate and therefore numbers may not appear to add precisely.</i></span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Table 2: Resource Model Sensitivities at Various C$NSR/t cut-offs</span></p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10pt; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; vertical-align: top;"><span style="font-weight: bolder;">C$NSR Cut-offs</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">Tonnes<br />(kt)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">Ag<br />(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Au<br />(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Cu<br />(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Pb<br />(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">Zn<br />(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">AgEq<br />(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">AuEq<br />(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">Ag TrOz<br />(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Au TrOz<br />(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Cu <br />(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Pb<br />(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">Zn<br />(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">AgEq TrOz<br />(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">AuEq TrOz<br />(kozs)</span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">CAD$50NSR</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;">Indicated</td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 4,031</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">167</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">1.89</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.22</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.6</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">3.1</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">503</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">6.1</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">21,642</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">244</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">20</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">51</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">279</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">65,233</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">795</td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> Inferred </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 2,307</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">146</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.74</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.21</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.5</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">1.8</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">327</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">4.0</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">10,825</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">55</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">11</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">26</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">92</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">24,219</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">294</td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="left" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">CAD$100NSR</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Indicated</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;"> 3,455</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">189</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">2.13</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">0.24</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">0.6</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">3.5</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">565</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">6.9</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">20,976</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">237</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">18</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">48</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">267</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">62,792</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">765</span></td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Inferred</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;"> 1,920</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">167</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">0.82</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">0.23</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">0.5</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">2.0</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">365</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">4.4</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">10,298</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">50</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">10</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">23</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">84</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">22,536</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">273</span></td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="left" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">CAD$150NSR</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;">Indicated</td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 2,833</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">215</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">2.46</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.25</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.7</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">3.9</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">642</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">7.8</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">19,569</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">224</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">16</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">44</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">246</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">58,440</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">712</td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> Inferred </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 1,230</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">8372</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">39.09</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.29</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.6</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">2.3</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">449</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">5.4</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">9,203</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">42</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">8</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">16</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">63</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">17,749</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">215</td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="left" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">CAD$200NSR</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;">Indicated</td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 2,346</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">239</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">2.78</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.27</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.8</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">4.3</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">712</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">8.7</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">17,989</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">210</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">14</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">39</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">224</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">53,709</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">654</td></tr><tr><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> Inferred </td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 851</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">250</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">1.15</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">0.34</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">0.6</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">2.5</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">515</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">6.2</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">6,837</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">31</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">6</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">11</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">47</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">14,080</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">171</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-size: 11px;"><i>1)</i> <i>Sensitivities were calculated at progressive C$NSR/t cut-off utilizing the same parameters and metal pricing as the Base Case scenario described in Table 1.</i></span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Silver, Gold Equivalencies and C$NSR Calculations</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Silver and Gold Equivalents and NSR$/t values were calculated using approximate average long-term prices of $20/oz silver, $1,700/oz gold, $3.50/lb copper, $0.95/lb lead and $1.45/lb zinc. All metal prices are stated in $USD with a conversion to $CAD of 0.77. See below the equivalency and C$NSR calculations:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">AgEq = (Ag g/t x 1) + (Au g/t x 81.41) + (Cu% x 116.35) + (Pb% x 28.77) + (Zn% x 44.80)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">AuEq = (Ag g/t x 0.012) + (Au g/t x 1) + (Cu% x 1.43) + (Pb% x 0.35) + (Zn% x 0.55)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">C$NSR = (Ag g/t x 0.57) + (Au g/t x 46.79) + (Cu% x 66.87) + (Pb% x 16.54) + (Zn% x 25.74)</p><p>In short, this resource estimate comes out to over one million ounces of indicated and inferred gold equivalents. Similar type of projects belong to companies with $50 to $100 million market caps. A $0.50 stock price would put EQTY on the lower end of that range. We expect the stock to gain momentum over the next several days as this great news gets disseminated. </p><p>If you look at the 5 year chart on EQTY, you'll notice a massive run to over $3.00 from $0.40 that took place in the matter of a couple of days in October 2017. Two months later the stock cratered and gave most of that back. This was on hype of a <a href="https://sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00003602&issuerType=03&projectNo=02687231&docId=4199397" target="_blank"><b>drill hole completed</b></a> at the Silver Queen Project. The <a href="https://sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00003602&issuerType=03&projectNo=02714782&docId=4237950" target="_blank"><b>results disappointed</b></a> in the end. Fast forward five years and now the project has a significant defined resource while it is trading at a mere $0.11 or $11 million market cap. If it can takeoff to the moon back then, EQTY certainly had a shot to take off to the moon once again now. </p><p>Next up is NILI, and the incredible results it released in <a href="https://money.tmx.com/en/quote/NILI/news/6619013093317973/Surge_Battery_Metals_Announces_Strong_Lithium_Results_from_Drilling_at_the_Nevada_North_Lithium_Project" target="_blank"><b>Thursday's press release</b></a>:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;"><span style="font-weight: bold;">December 1, 2022 </span>– TheNewswire - Coquitlam, BC - Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV:NILI ) , ( OTC:NILIF ) , ( FRA:DJ5C) is pleased to announce assay results from four drill holes at their 100% owned Nevada North Lithium Project in Elko County, Nevada. Assay results returned multiple zones of strong values ranging from 1,000 ppm to 5,000 ppm lithium confirming the potential for a high tenor lithium clay deposit.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">The tables below list the significant intercepts in each hole. Averages were calculated using a 1,000-ppm lithium cut off value with no internal dilution. All holes were drilled vertically using reverse circulation percussion drilling methods.</p><table style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><tbody><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">Hole ID</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">From ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">To ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">From M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">To M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">Thickness ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">thickness M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">Avg Li ppm</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">NN2203</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">5</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">120</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">1.52</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">36.57</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">120</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">35.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px; text-align: justify;">4008</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">NN2203</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">170</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">200</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">51.81</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">60.96</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">30</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">9.15</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px; text-align: justify;">3210</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">NN2203</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">235</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">250</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">71.62</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">76.2</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">15</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">4.58</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px; text-align: justify;">1480</p></td></tr></tbody></table><table style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><tbody><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Hole ID</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Thickness ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">thickness M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Avg Li ppm<a href="https://money.tmx.com/en/quote/NILI/news/6619013093317973/Surge_Battery_Metals_Announces_Strong_Lithium_Results_from_Drilling_at_the_Nevada_North_Lithium_Project" style="background-color: transparent; color: #235b59;" target="_blank"></a></p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2204</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">100</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">30.48</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">100</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">30.48</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">3929</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2204</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">135</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">170</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">41.15</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">51.81</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">35</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">10.66</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">2563</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2204</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">210</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">215</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">64</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">65.53</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">5</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">1.53</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">1500<a href="https://money.tmx.com/en/quote/NILI/news/6619013093317973/Surge_Battery_Metals_Announces_Strong_Lithium_Results_from_Drilling_at_the_Nevada_North_Lithium_Project" style="background-color: transparent; color: #235b59;" target="_blank"></a></p></td></tr></tbody></table><table style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><tbody><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Hole ID</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Thickness ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">thickness M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Avg Li ppm</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2205</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">115</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">35.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">115</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">35.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">4000</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2205</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">155</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">190</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">47.24</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">57.91</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">35</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">10.67</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">2020</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2205</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">220</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">240</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">67.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">73.15</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">20</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">6.1</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">2216</p></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">Holes NN2203, NN2204, and NN2205 were drilled along a ridgeline capped by a thin layer of silicious tuff and flanked by strongly anomalous soil samples. The holes were spaced about 120 meters apart in <a href="https://money.tmx.com/en/quote/NILI/news/6619013093317973/Surge_Battery_Metals_Announces_Strong_Lithium_Results_from_Drilling_at_the_Nevada_North_Lithium_Project" style="background-color: transparent; color: #235b59;" target="_blank"></a>some of the strongest parts of the soil anomaly.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">Mineralization is found in three distinct horizons of silty, weakly calcareous, claystone and with seams of blue-grey clay. Sedimentary textures are not well preserved in the chips, so the depositional environment is not clear but is thought to be in a lakebed environment. Rocks between the productive horizon are mostly reduced felsic air fall tuffs and tuffaceous siltstone. All holes ended in coarse cobble to pebble conglomerate or ash flow tuff. The lower tuff shows moderate propylitic alteration with replacement of mafic minerals by chlorite and disseminated pyrite.</p><table style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><tbody><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Hole ID</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Thickness ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">thickness M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Avg Li ppm</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2202</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">10</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">3.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">10</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">3.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">2065</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2202</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">50</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">65</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">15.24</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">19.81</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">15</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">4.57</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">1295</p></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">Hole NN2202 was drilled on the eastern edge of the soil geochemical anomaly and while intersecting thin zones of moderate grade, seems to partially define the eastern extent of the mineralization.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">As previously reported, partial, representative “rush” assay samples from drill hole NN2201 returned values in the productive clay/silt unit ranging from 1460 to 4500 ppm lithium. The full results from this “discovery” hole have not been received to date and should be processed by the lab shortly. Results from drill holes NN2206, NN2207, and NN2208 are being processed and results will be released as they become available.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">Drill hole NN2206 tested the eastern edge of the soil anomaly and intersected about 15 meters (45 feet) of the productive clay/siltstone unit. Hole NN2207, drilled 490 meters south of NN2201, cut over 120 meters (400 feet) of the permissive claystone in four horizons. NN2208, the last hole of the 2022 program cut 72 meters (240 feet) of the productive horizons. Results of these holes are eagerly awaited.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">While the property has several similarities to the Thacker Pass Deposit, the Nevada North Lithium Project is located some 290 km east of the McDermitt Caldera in what is likely a completely new lithium district.</p><p>The company made reference to Thacker Pass, despite being in an entirely new region (therefore with upside potential being unlimited). We have to agree with this assessment. We have compared NILI to Nevada Sunrise Metals Corporation (NEV.V) in the past, with NEV sitting at a $20 million market cap today. These results absolutely blow NEV out of the water. NEV <a href="https://finance.yahoo.com/news/nevada-sunrise-receives-final-lithium-113000023.html" target="_blank"><b>previous announced</b></a> an 1,101 ppm lithium discovery over 730 feet. The problem with that is that NEV's discovery is mostly buried at the bottom of the hole with 2,218 ppm in the final 130 feet starting at 990 feet depth. Subtract this out from the discovery and the first 600 feet starting from 300 feet deep averages about 860 ppm. NILI used a cutoff of 1,000 ppm. If NEV has used the same cutoff in its reporting as NILI, it's entire discovery would be 130 feet of 2,218 ppm using this one hole as an example. That's a lower grade of similar length buried a thousand feet deep compared to NILI's first section of ~4,000 ppm discovery at surface across three holes. NILI should clearly be valued at 3-4x of NEV, leading to our $0.75 target.</p><p>An argument brought up by some naysayers is that Nevada Lithium Resources Inc. (NVLH.CN) 50% owned project actually has better grades. Well, let's review this, with a chart provided by NVLH in its <a href="https://finance.yahoo.com/news/highest-lithium-grades-date-returned-152300069.html" target="_blank"><b>press release</b></a> on September 29:</p><p><img alt="Unable to view the image, Please provide a valid URL." id="imgSmall" src="https://mma.prnewswire.com/media/1910549/Nevada_Lithium_Resources_Inc_Highest_Lithium_Grades_to_Date_Retu.jpg?p=distribution" style="text-align: center;" /></p><p>From 7 feet to 2001 feet, NVLH scored 1,246 ppm lithium. But it's the exact same song and dance as NEV. Most of that is buried in the final 446 feet at 3,079 ppm. The first 1,500 or so feet average 718 ppm. Again, below NILI's cutoff point. You can dig 100 feet deep and find more lithium in NILI's discovery than you will in the first 500 feet in NVLH's discovery. NILI's holes were dug to a depth of around the 250 to 400 feet range. We can't rule out that if NILI had bothered to drill as deep as 2,000 feet that it wouldn't have found something there as well. So again, NILI blows this discovery out of the water. </p><p>We have also seen ridiculous comparisons and rants from people whose egos are obviously much bigger than they deserve to be. Retired Boomers (the demographic with the most people who are never, ever wrong in their own minds) who think <i>they</i> should be the moderator and arbiter of what a good deposit is, like some kind of penny stock dictator: </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjQm7-GKUG-mNSBAjwDM0Wfc38mTINNU4tQh0C4IAAe27CPTzozshpRcnrvvVAAKjCnxJh63UKWLf30CTHeTxwoM1XUg_VzzO1PDOCbUd1G-0zvX38mUNOEa7OKVSno25WEdbPBFAD9RFGtPbHuSPZuI8Oce0683urlNA15fn4Sj9Md8cbZQVF9n-7V9Q" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="359" data-original-width="871" height="132" src="https://blogger.googleusercontent.com/img/a/AVvXsEjQm7-GKUG-mNSBAjwDM0Wfc38mTINNU4tQh0C4IAAe27CPTzozshpRcnrvvVAAKjCnxJh63UKWLf30CTHeTxwoM1XUg_VzzO1PDOCbUd1G-0zvX38mUNOEa7OKVSno25WEdbPBFAD9RFGtPbHuSPZuI8Oce0683urlNA15fn4Sj9Md8cbZQVF9n-7V9Q" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEh_2DuCdC3yXri89NelqxeHuC98-nYv6OJ536l-n4Zvb2T3A4D2FSLbuWZTnxDEGNPCeOPqZFfee0_90qRNk71ThlLkOO4ePPam16FLwYVQ7bUEA8wSks8HGLjio4dbKXgnDi5-n0ZGJFi6xhIp97oYMHIQ1UdpsCPu_c8UP_PQ9KA1Q051l07TB63KFg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="327" data-original-width="871" height="120" src="https://blogger.googleusercontent.com/img/a/AVvXsEh_2DuCdC3yXri89NelqxeHuC98-nYv6OJ536l-n4Zvb2T3A4D2FSLbuWZTnxDEGNPCeOPqZFfee0_90qRNk71ThlLkOO4ePPam16FLwYVQ7bUEA8wSks8HGLjio4dbKXgnDi5-n0ZGJFi6xhIp97oYMHIQ1UdpsCPu_c8UP_PQ9KA1Q051l07TB63KFg" width="320" /></a></div><br /><br /><br /><p></p><p><br /></p><p><br /></p><p><br /></p><p>As if Canada doesn't already have strict rules around NI 43-101 Qualified Person reporting and the lowly and gullible investors perusing message boards need extra special dissemination and hand-holding from the self-proclaimed and self-appointed "educated class" to help determine their investment decisions. We will take the word of NILI's Qualified Person Alan J. Morris who has gained that status after years of field work over some anonymous ego-thumper who claimed to have taught geology in a classroom. We don't usually point out individuals in a manner like this but the stench of arrogance on this bum and the effort they are willing to put in to try to trash NILI in what appears to be "smart" way is not something we can overlook. In this ridiculous proposal, is this "council" going to be bound to not buying or short-selling the stocks over which they seek to gain said rating power? Will there be some sort of legal reporting mechanism to track that, like SEDI reporting for insiders? Or should we just trust that this individual will be bound by the ethics of College of Teachers in Ontario while being a retired teacher to do the right thing and not use this rating system to try to benefit the positions they own?</p><p>The big stink against NILI this person is raising appears to be stemming from the already well-known debate between lithium carbonate created by evaporation from brines or mined out of clay (NILI's type of resource) and lithium hydroxide typically out of rock formations. This is what Investing News <a href="https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/lithium-carbonate-lithium-hydroxide-nemaska-lithium/" target="_blank"><b>had to say about the debate</b></a>:</p><p>"<i>Lithium hydroxide’s popularity has been on the rise, at least in terms of making electric vehicle batteries. It is necessary for some types of cathodes, such as nickel-cobalt-aluminum oxide (NCA) and nickel-cobalt-manganese oxide (NCM). While lithium hydroxide has traditionally traded at a premium to lithium carbonate, in 2021 and into 2022 lithium carbonate prices have overtaken those of lithium hydroxide.</i></p><p><i>Demand for lithium has risen significantly in recent years due to the growing electric vehicle market, with some arguing that lithium hydroxide could outpace lithium carbonate in terms of demand growth in the future. However, as Andrew Miller of Benchmark Mineral Intelligence has explained, it’s going to take time before high-nickel cathodes such as NCA and NCM 811 take a more dominant position. That’s because there are a lot of technical and economic challenges in terms of bringing the cost down.</i></p><p><i>At the end of the day, with lithium demand expected to skyrocket, it’s becoming clear the world will need both.</i>" </p><p>So if someone says that hydroxide is higher priced than carbonate, they are lying. Or at least their truth is out-of-date. One thing to be aware of with retired teachers is that they are notoriously bad at continuous learning because they think what they learned back in 1974 is gospel. If Tesla is looking to secure supply, it will be looking in Nevada, Quebec and anywhere else it can find material amounts of lithium. Just because Musk may be looking in Quebec does not mean demand from Nevada is waning. It means even if Nevada is flowing at 100% capacity, it's still not enough. This can be a bullish argument for lithium companies in Quebec but it doesn't make it a bearish argument for lithium companies in Nevada. </p><p><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjTobHhI8GPpE-hBS7Qb7G9k58bQheZXioCV5e0gAhpqrnXqhg65Fyozec5f2AxyxLWbqJ7pIWHTjfPXFtNMf-79mzpsb3NnrCkSVWPO22uMmeeE4AeZcWXpEx6rXryd1V8OMc3ZCaYvT0QyUqdTbtHeHmem7yGQMs394J2sAUDvj4Kuj4EQ9UHRJr6GQ" style="clear: left; display: inline; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img alt="" data-original-height="213" data-original-width="886" height="77" src="https://blogger.googleusercontent.com/img/a/AVvXsEjTobHhI8GPpE-hBS7Qb7G9k58bQheZXioCV5e0gAhpqrnXqhg65Fyozec5f2AxyxLWbqJ7pIWHTjfPXFtNMf-79mzpsb3NnrCkSVWPO22uMmeeE4AeZcWXpEx6rXryd1V8OMc3ZCaYvT0QyUqdTbtHeHmem7yGQMs394J2sAUDvj4Kuj4EQ9UHRJr6GQ" width="320" /></a></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjoq71sODE26fXBKSh6n_ZUqGx5l7Klww6f-ERfh9PIV2dqSbf5LkB-WUzBBmYvrJj0_5APDDHU1ctBTX96gUcRFPjWRP5kDsuAHPoiDAG6rW88ThmNapkfezCgAR4ZiawwqhgJovA9UQmuYzwRdt77yhUFZoU_lRF-cPtnIP1dZgMbiPUFIglVn-8d3w" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="293" data-original-width="875" height="107" src="https://blogger.googleusercontent.com/img/a/AVvXsEjoq71sODE26fXBKSh6n_ZUqGx5l7Klww6f-ERfh9PIV2dqSbf5LkB-WUzBBmYvrJj0_5APDDHU1ctBTX96gUcRFPjWRP5kDsuAHPoiDAG6rW88ThmNapkfezCgAR4ZiawwqhgJovA9UQmuYzwRdt77yhUFZoU_lRF-cPtnIP1dZgMbiPUFIglVn-8d3w" width="320" /></a></div><br /><br /><p></p><p><br /></p><p><br /></p><p><br /></p><p>The other big stink being raised is around Patriot Battery Metals Inc. (PMET.V) (PMETF). We don't even know what the point is of raising PMET into the discussion. It has a $725 million market cap. 28 times more than NILI. It BETTER have a superior resource to NILI given the significantly higher valuation. The stories aren't comparable right now and shouldn't be. We have already discussed two comparable peers above and a fair valuation for NILI with respect to them. Also, to use PMET and its higher valuation as ammunition to downplay the resource potential of NILI is just plain stupid. By that logic, clay projects should be worth so much more and rock projects worthless because Lithium Americas Corp. (LAC) has a market cap of $4.6 billion CAD, several times higher than PMET!</p><p>The appropriate comparables to NILI right now are companies like NEV and NVLH. Early stage Nevada-based lithium explorers. LAC is a pie-in-the-sky, everything goes right after several years upside potential comparable for NILI. PMET makes an excellent recent example of what can happen to a lithium stock that scores a significant resource - having risen 20x in a year - but as far as being an actual comparable to NILI, it's not. Good comparables for PMET are other rock formation lithium resources in Quebec. We hope that when people spew out streams of verbal diarrhea because their egos can't tolerate not hearing themselves type, that investors use their common sense in the assessment of these opinions on the lithium plays. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhEJCUvZBVbXBLSz91YnJGw1wo3ofLyZfzvI-dQXko8jxOSU94TBnOQJnh-5g0tw3niX-Mh2auaoZ67ogyBSYnvIixWg8EnAA2wVZPGfhEvJIHl3vGv3cefILeH9OhLlNmkfKfkkK9uKuX9L0j-ul5SSKdZ8rCNKS-7RkK04HRJYq_kIAIyYYc0TPkBsw" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="309" data-original-width="881" height="112" src="https://blogger.googleusercontent.com/img/a/AVvXsEhEJCUvZBVbXBLSz91YnJGw1wo3ofLyZfzvI-dQXko8jxOSU94TBnOQJnh-5g0tw3niX-Mh2auaoZ67ogyBSYnvIixWg8EnAA2wVZPGfhEvJIHl3vGv3cefILeH9OhLlNmkfKfkkK9uKuX9L0j-ul5SSKdZ8rCNKS-7RkK04HRJYq_kIAIyYYc0TPkBsw" width="320" /></a></div><br /><br /><p></p><p><br /></p><p><br /></p><p><br /></p><p>The constant spamming of bearish arguments and what-ifs. The chest thumping of unverifiable qualifications that borderline on the ridiculous (trust me bro, I was a geology teacher, I know things. I'm also on a first name basis with Eric Sprott). The desire for increased power without increased accountability with the council suggestion (trust me bro, I was a teacher, I’m honest). With these things we can only conclude with high probability that “slowride” is a shorter or working with a group that has an interest in seeing the price of NILI decline. The spamming and anonymous ego thumping is par for the course for message boards. But the sneaky power grab that was prompted by NILI's halt smells of nefarious intent. However, assuming this individual is associated with a desperate shorting consortium, this is actually a good thing. Leading to our final point about the announcement and subsequent rescinding of the private placement.</p><p>With further drill holes expected over the next few weeks, including full results from the first one, NILI is very likely to continue upwards on hype, in addition to the significant value it already has from what has been announced. The stock price actually dropped on Thursday after this great news for one reason and one reason only. The company announced a $0.10 private placement in conjunction with the drill results. After shareholders made their voices heard, the financing was dropped, and the stock shot up 49% on Friday in response. Investors bought shares back after selling, thinking they could either get back in cheaper or into the financing and instead ended up chasing. New investors watching the story unfold likely also bought in after witnessing a management team actually behave appropriately and pull an unneeded and unpopular financing. Finally, shorters likely played their financing games and got played, and now need to cover on the open market instead of buying into a financing in order to cover off the short position. We saw some of that potential on Friday with the price action as well as the desperation to flood the narrative with negativity. Expect more of that into next week as NILI continues its march to a fair value of $0.75. </p><p> Disclosure: We are long NILI.V, EQTY.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-15945875601852079322022-12-01T18:22:00.014-05:002022-12-01T18:40:31.145-05:00Collecting A Second 100% Gainer, Time For A Third?<p>We have been on a hot streak lately with two 100% gainers in the last month. Now we believe it's time for a third. On October 21 we wrote <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>a bullish article</b></a> on <b>Surge Battery Metals Inc. (NILI.V) (NILIF) </b>while it was trading at $0.10. It has since risen 85% to $0.185 but hit as high as $0.24 today. On November 22, <a href="https://nasdaqnewsreports.blogspot.com/2022/11/potentially-significant-new-uranium-discovery.html" target="_blank"><b>we wrote a bullish call</b></a> on <b>Fission 3.0 Corp. (FUU.V) (FISOF) </b>when the stock traded at $0.12. It's up to $0.285, but <a href="https://nasdaqnewsreports.blogspot.com/2022/11/march-to-30-cents.html" target="_blank"><b>we recommended to take profits</b></a> at another double a few days ago. The third stock we think can be another 100% or more runner is <b>Equity Metals Corporation (EQTY.V) (EQMEF)</b> after it rose 47% to close at $0.11 today on excellent news. We are up to 1,006 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 98 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers. </p><p>After today's news, we think a <b>fair price target on NILI is $0.75</b>. A <b>fair price target on EQTY is $0.50</b> after its news today. We don't have a price target on FUU anymore as we have sold out, but wish investors continued luck. For comparison, EQTY's market cap is $11 million, NILI's market cap is $18 million and FUU's market cap is $86 million. Yes, it's hard to compare a precious metals explorer to a lithium explorer to a uranium explorer. But the targets we have for NILI and EQTY would still imply lower market caps than FUU's today. FUU has a bright future, but these other two stocks have greater upside at these relative prices.</p><p>We will get to NILI later, but first we will review <a href="https://money.tmx.com/en/quote/EQTY/news/6755477026167928/Equity_Metals_Announces_a_Significant_Increase_to_the_Mineral_Resource_Estimate_at_the_Silver_Queen_Project_BC" target="_blank"><b>EQTY's press release</b></a> as the bullish thesis is short and straightforward:</p><h2 class="sc-mDovX jtVkES" style="background-color: #f6f7f8; border-bottom: 2px solid rgb(192, 197, 205); color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 24px; letter-spacing: 0.4px; line-height: 32px; margin: 0px 0px 5px; padding: 0px 0px 10px;">Equity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BC</h2><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><u><i><span style="font-weight: bolder;">Highlights</span></i></u></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><p style="margin: 20px 0px;"><span style="font-weight: bolder;">Increase in </span><i><span style="font-weight: bolder;">Indicated Category</span></i><span style="font-weight: bolder;"> by 187% to 62.8Mozs AgEq or by 214% to 765Kozs AuEq: 21.0Mozs Ag (+297%), 237Kozs Au (+179%), 18Mlbs Cu (+288%), 48Mlbs Pb (+178%) and 267Mlbs Zn (+134%)</span></p></li><li><p style="margin: 20px 0px;"><span style="font-weight: bolder;">Increase in </span><i><span style="font-weight: bolder;">Inferred Category</span></i><span style="font-weight: bolder;"> by 30% to 22.5Mozs AgEq or by 41% to 273Kozs AuEq: 10.3Mozs Ag (+117%), 50Kozs Au (-21%), 10Mlbs Cu (+79%), 23Mlbs Pb (+45%) and 84Mlbs Zn (-9%)</span></p></li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Vancouver, British Columbia--(Newsfile Corp. - December 1, 2022) - <span style="font-weight: bolder;">Equity Metals Corporation (TSXV: EQTY) ("Equity" or "Company") </span>reports that Kirkham Geosystems Ltd ("KGL") and P&E Mining Consultants Inc. ("P&E") have completed an updated Independent Mineral Resource Estimate ("MRE") for the Silver Queen Project, British Columbia, Canada. The MRE features lateral and down-dip extensions of the previously modelled No. 3 and NG-3 Veins, originally included in the 2019 MRE, and new, previously unmodelled mineralization from the Camp and Sveinson Targets. The MRE utilizes a Net Smelter Return ("NSR") cut-off at C$100/t with updated metal pricing.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">President Joe Kizis comments, <i>"At the time we assumed management of the Company in Q3 of 2019, we felt there were clear opportunities to quickly add significantly to the 2019 MRE at Silver Queen, and we are proud to report our success at a very low cost of $0.15/oz of added AgEq or $11/oz of added AuEq. The MRE remains open for additional delineation west of the Camp Target and within the Sveinson Target. In addition, there are several targets that have only been tested by a few drill holes and remain very attractive areas for new discoveries and MRE increase."</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Silver Queen Resource Model highlights:</span><br />Compared to the 2019 Mineral Resource Estimate, the 2022 update, at a C$100/t NSR cut-off, features:</p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>A <span style="font-weight: bolder;">2.6Mt</span> increase in <span style="font-weight: bolder;">Indicated Mineral Resources </span>to<span style="font-weight: bolder;"> 3.46Mt averaging 189g/t Silver, 2.13g/t Gold, 0.24% Copper, 0.6% Lead and 3.5% Zinc (565g/t AgEq or 6.9g/t AuEq) </span>containing:</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px 20px 40px;">21.0 million ounces of silver; 237 thousand ounces of gold; 18 million pounds of copper; 48 million pounds of lead; and 267 million pounds of zinc.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px 20px 40px;">This equates to <span style="font-weight: bolder;">62.8 million ounces silver equivalent or 767 thousand ounces of gold equivalent; </span>and</p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>A <span style="font-weight: bolder;">1.1Mt</span> increase in <span style="font-weight: bolder;">Inferred Mineral Resources </span>to<span style="font-weight: bolder;"> 1.92Mt averaging 162g/t Silver, 0.80g/t Gold, 0.23% Copper, 0.5% Lead and 2.0% Zinc (356g/t AgEq or 4.3g/t AuEq) </span>containing:</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px 20px 40px;">10.3 million ounces of silver; 50 thousand ounces of gold; 10 million pounds of copper; 23 million pounds of lead; and 84 million pounds of zinc.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px 20px 40px;">This equates to <span style="font-weight: bolder;">22.5 million ounces silver equivalent or 273 thousand ounces of gold equivalent.</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The updated MRE incorporates an additional 25,659 metres of core drilling completed in 2020-22 and updated metal recoveries and pricing.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Silver Queen Project Highlights</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li>A total of <span style="font-weight: bolder;">78 drill holes</span> for <span style="font-weight: bolder;">25,659 metres</span> was completed by the Company on the Silver Queen Project in six successive phases of exploration starting in late 2020. Five separate target areas have been tested in part and thick intervals of high-grade gold, silver and base-metal mineralization have been identified in each of the Camp Vein, the Sveinson Target, No. 3 Vein, and NG-3 Vein systems.</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/5566/146367_9a17d757e49a3999_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/5566/146367_9a17d757e49a3999_002.jpg" src="https://images.newsfilecorp.com/files/5566/146367_9a17d757e49a3999_002.jpg" style="border-style: none; border-width: 0px;" /></a><br /><br /><span style="font-weight: bolder;">Figure 1: Plan map of targets and deposits on the Silver Queen vein system, BC</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;">To view an enhanced version of Figure 1, please visit:<br /><a href="https://images.newsfilecorp.com/files/5566/146367_9a17d757e49a3999_002full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/5566/146367_9a17d757e49a3999_002full.jpg</a></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><p style="margin: 20px 0px;">The updated NI 43-101 Mineral Resource Estimate increases the tonnage by approximately <span style="font-weight: bolder;">240%</span> with the increase being from the result of revised metal pricing, the extension to the NG-3 Deposit and the addition of mineralization from the Camp and Sveinson Veins.</p></li><li><p style="margin: 20px 0px;">Approximately <span style="font-weight: bolder;">64%</span> of the Mineral Resources are classified as <span style="font-weight: bolder;">Indicated Resources</span> on a per <span style="font-weight: bolder;">tonnage basis</span> and <span style="font-weight: bolder;">74%</span> of the total on a<span style="font-weight: bolder;"> AgEq basis</span> reflecting the overall higher average grade <span style="font-weight: bolder;">(565g/t AgEq)</span> of the MRE in the <span style="font-weight: bolder;">Indicated</span> <span style="font-weight: bolder;">category</span>.</p></li><li><p style="margin: 20px 0px;">The Mineral Resource has a strong precious-metal bias with gold and silver accounting for approximately <span style="font-weight: bolder;">64%</span> of the total value.</p></li><li><p style="margin: 20px 0px;">The Mineral Resource update features a significant increase in contained silver ounces in both the Indicated <span style="font-weight: bolder;">(+297%)</span> and Inferred <span style="font-weight: bolder;">(+117%)</span> categories, which is supported in large part by the addition of strongly silver enriched mineralization from the Camp Veins.</p></li><li><p style="margin: 20px 0px;">The company has expended <span style="font-weight: bolder;">C$6.75 million</span> on exploration of the Silver Queen project since 2019 resulting in a <span style="font-weight: bolder;">cash-discovery-cost</span> of only <span style="font-weight: bolder;">C$0.15/oz per AgEq</span> added or <span style="font-weight: bolder;">C$11/oz AuEq</span> added.</p></li><li><p style="margin: 20px 0px;">Tabulation of grades and tonnages sensitivities (Table 2) demonstrate an excellent retention of higher-grade mineralization at increasing C$NSR cut-offs with <span style="font-weight: bolder;">84%</span> of the <span style="font-weight: bolder;">Base-case Mineral Resource</span> when expressed on a <span style="font-weight: bolder;">AgEq basis</span> remaining at a <span style="font-weight: bolder;">C$200 NSR</span> cut-off.</p></li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Vein Target Specifics</span></p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><p style="margin: 20px 0px;">Drilling on the Camp Target identified a conjugate vein set comprising steep southwest-dipping, strongly silver-enriched veins and steep north-dipping, gold-enriched polymetallic veins. Individual veins demonstrate good lateral continuity over +150 metre strike-lengths within an overall cumulative strike-length of the target of approximately 300 metres. Drilling confirmed continuity of the vein sets to depths of up to 195 metres, with several veins extending laterally to the east and projecting into the Sveinson Target.</p></li><li><p style="margin: 20px 0px;">The Sveinson Target includes the previously identified No. 5 and Switchback Veins and forms a broad, 150 metre wide, veined structural corridor that projects laterally eastward for over 1000 metres where it transitions into the No. 3 Vein system. Drilling successfully intersected multiple shallow veins at less than 100 metres below surface as well as several deeper vein intercepts at over 350 metres below surface. Numerous veins have been encountered across the full 150 metre width of the Sveinson Structural Zone, with several individual vein segments demonstrating good lateral continuity along 200 to 400 metre strike lengths.</p></li><li><p style="margin: 20px 0px;">The No. 3 Vein system, strikes northwest to southeast and dips to the northeast at approximately 60 degrees. The average width of the veins is 0.9 to 1.2 metres with local increases up to about 4.6 metres. The No. 3 Vein can be traced on surface and in drilling for over a 1.2 kilometre strike length where it transitions across an oblique structure and into the NG-3 Vein system.</p></li><li><p style="margin: 20px 0px;">The NG-3 Target forms the southeast extension of the No. 3 Vein and was tested with eight core holes which returned several intersections of high-grade gold and silver. Equity's drilling has now confirmed the extension of the NG-3 Vein to over 300 metres of strike and to depths of up to 240 metres below surface. The drill holes have established internal continuity between widely spaced historical intercepts drilled by previous management and earlier drilling by Equity. Mineralization remains open along strike and down dip.</p></li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Inferred Resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be classified as Mineral Reserves. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">A NI 43-101 Technical Report will be posted on SEDAR within 45 days.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Table 1: Base Case Mineral Resource Estimate for the Silver Queen Project Utilizing a C$100/t NSR cut-off value</span></p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10pt; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td colspan="2" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Indicated Resources</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> </span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"> </span></td><td align="right" colspan="2" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 171.792px;"><span style="font-weight: bolder;">Average Grade</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"> </span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"> </span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> </span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Zone</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Tonnes</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Ag</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Au</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Cu</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Pb</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Zn</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AgEq</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AuEq</span></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;"> </span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kt)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> </td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">No. 3 and NG3 Veins</td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 2,942</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">150</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">2.45</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">0.25</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">0.7</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">3.8</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">569</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">6.9</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">Camp Vein</td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 514</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">412</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.31</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.19</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.4</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">1.5</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">541</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">6.5</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Total</span></td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> 3,455</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">189</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">2.13</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">0.24</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">0.6</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">3.5</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">565</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">6.9</span></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10pt; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Inferred Resources</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" colspan="2" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 171.792px;"><span style="font-weight: bolder;">Average Grade</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Zone</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Tonnes</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Ag</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Au</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Cu</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Pb</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Zn</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AgEq</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AuEq</span></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;"><br /></span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kt)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(g/t)</span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><br /></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">No. 3 and NG3 Veins</td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 257</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">110</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">1.94</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">0.32</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">0.2</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">1.1</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">361</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">4.4</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">Camp Vein</td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 1,664</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">176</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.64</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.22</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">0.6</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">2.1</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">366</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">4.4</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Total</span></td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> 1,920</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">167</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">0.82</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">0.23</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">0.5</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">2.0</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">365</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">4.4</span></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10pt; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td colspan="2" style="border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Indicated Resources</span></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" colspan="2" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 171.792px;"><span style="font-weight: bolder;">Contained Metal</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Zone</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Tonnes</span></td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Ag TrOz</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Au TrOz</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Cu</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Pb</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Zn</span></td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AgEq TrOz</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AuEq TrOz</span></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;"><br /></span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kt)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">No. 3 and NG3 Veins</td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"> 2,942</td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">14,168</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">232</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">16</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">43</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">249</td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">53,852</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">657</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">Camp Vein</td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 514</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">6,808</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">5</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">2</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">5</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">17</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">8,940</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">108</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Total</span></td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> 3,455</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">20,976</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">237</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">18</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">48</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">267</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">62,792</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">765</span></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10pt; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Inferred Resources</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" colspan="2" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 171.792px;"><span style="font-weight: bolder;">Contained Metal</span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;"><br /></span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"><br /></span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Zone</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Tonnes</span></td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Ag TrOz</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Au TrOz</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Cu</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">Pb</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">Zn</span></td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AgEq TrOz</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">AuEq TrOz</span></td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;"><br /></span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kt)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">(kozs)</span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.8958px;"><br /></td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><br /></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">No. 3 and NG3 Veins</td><td align="right" style="font-size: 10px; vertical-align: top; width: 85.3958px;"> 257</td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">911</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">16</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">2</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.8958px;">1</td><td align="center" style="font-size: 10px; vertical-align: top; width: 85.3958px;">6</td><td align="center" style="border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">2,975</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">36</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;">Camp Vein</td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"> 1,664</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">9,387</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">34</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">8</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;">22</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">78</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">19,562</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;">237</td></tr><tr><td style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Total</span></td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;"> 1,920</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">10,298</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">50</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">10</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.8958px;"><span style="font-weight: bolder;">23</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">84</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">22,536</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 85.3958px;"><span style="font-weight: bolder;">273</span></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-size: 11px;"><i>1)</i> <i>The current Mineral Resource Estimate was prepared by Garth Kirkham, P.Geo., of Kirkham Geosystems Ltd and Eugene Puritch, P. Eng., FEC, CET and Fred Brown, P, Geo. of P&E Mining Consultants Inc. ("P&E"), Independent Qualified Persons ("QP"), as defined by National instrument 43-101.</i><br /><i>2)</i> <i>All Mineral Resources have been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum ("CIM") definitions, as required under National Instrument 43-101 ("NI43-101").</i><br /><i>3)</i> <i>Mineral Resources were constrained using continuous mining units demonstrating reasonable prospects of eventual economic extraction.</i><br /><i>4)</i> <i>Silver and Gold Equivalents were calculated from the interpolated block values using relative process recoveries and prices between the component metals and silver to determine a final AgEq and AuEq values.</i><br /><i>5)</i> <i>Silver and Gold Equivalents and NSR$/t values were calculated using average long-term prices of $20/oz silver, $1,700/oz gold, $3.50/lb copper, $0.95/lb lead and $1.45/lb zinc. All metal prices are stated in $USD. </i>The C$100/tonne NSR cut-off grade value for the underground Mineral Resource was derived from mining costs of C$70/t, with process costs of C$20/t and G&A of C$10/t. Process recoveries used were <i>Au 70%, Ag 80%, Cu 80%, Pb 81% and Zn 90%.</i><br /><i>6)</i> <i>Grade capping was performed on 1m composites for the No. 3 and NG-3 veins and whole vein composites for the Camp and Sveinson veins. For the No. 3 and NG-3 veins Inverse distance cubed (I/d3) was utilized for grade interpolation for Au and Ag and inverse distance squared (I/d2) was utilized for Cu, Pb and Zn. Inverse distance squared (I/d2) was used for all metals in the Camp and Sveinson veins.</i><br /><i>7)</i> <i>A bulk density of 3.56t/m</i><span style="font-size: 8.25px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;"><i>3</i></span><i> was used for all tonnage calculations in the No. 3 and NG-3 veins. A variable density with a 3.15 average was used for the Camp and Sveinson veins.</i><br /><i>8)</i> <i>Mineral Resources are not Mineral Reserves until they have demonstrated economic viability. Mineral Resource Estimates do not account for a Mineral Resource's mineability, selectivity, mining loss, or dilution.</i><br /><i>9)</i> <i>An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.</i><br /><i>10)</i> <i>All figures are rounded to reflect the relative accuracy of the estimate and therefore numbers may not appear to add precisely.</i></span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Table 2: Resource Model Sensitivities at Various C$NSR/t cut-offs</span></p><table border="0" cellpadding="0" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 10pt; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; vertical-align: top;"><span style="font-weight: bolder;">C$NSR Cut-offs</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">Tonnes<br />(kt)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">Ag<br />(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Au<br />(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Cu<br />(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Pb<br />(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">Zn<br />(%)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">AgEq<br />(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">AuEq<br />(g/t)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">Ag TrOz<br />(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Au TrOz<br />(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Cu <br />(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">Pb<br />(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">Zn<br />(Mlbs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">AgEq TrOz<br />(kozs)</span></td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">AuEq TrOz<br />(kozs)</span></td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">CAD$50NSR</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;">Indicated</td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 4,031</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">167</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">1.89</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.22</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.6</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">3.1</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">503</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">6.1</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">21,642</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">244</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">20</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">51</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">279</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">65,233</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">795</td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> Inferred </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 2,307</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">146</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.74</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.21</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.5</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">1.8</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">327</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">4.0</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">10,825</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">55</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">11</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">26</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">92</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">24,219</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">294</td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="left" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">CAD$100NSR</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Indicated</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;"> 3,455</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">189</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">2.13</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">0.24</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">0.6</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">3.5</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">565</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">6.9</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">20,976</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">237</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">18</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">48</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">267</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">62,792</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">765</span></td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">Inferred</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;"> 1,920</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">167</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">0.82</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">0.23</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">0.5</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">2.0</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">365</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">4.4</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">10,298</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">50</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">10</span></td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"><span style="font-weight: bolder;">23</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"><span style="font-weight: bolder;">84</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">22,536</span></td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"><span style="font-weight: bolder;">273</span></td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="left" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">CAD$150NSR</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;">Indicated</td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 2,833</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">215</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">2.46</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.25</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.7</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">3.9</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">642</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">7.8</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">19,569</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">224</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">16</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">44</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">246</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">58,440</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">712</td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> Inferred </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 1,230</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">8372</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">39.09</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.29</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.6</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">2.3</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">449</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">5.4</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">9,203</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">42</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">8</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">16</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">63</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">17,749</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">215</td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> </td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="left" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"><span style="font-weight: bolder;">CAD$200NSR</span></td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> </td></tr><tr><td align="right" style="border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;">Indicated</td><td align="right" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 2,346</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">239</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">2.78</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.27</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">0.8</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">4.3</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">712</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">8.7</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.0312px;">17,989</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">210</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">14</td><td align="center" style="font-size: 10px; vertical-align: top; width: 51.5312px;">39</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">224</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">53,709</td><td align="center" style="border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">654</td></tr><tr><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px;"> Inferred </td><td align="right" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;"> 851</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">250</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">1.15</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">0.34</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">0.6</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">2.5</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">515</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">6.2</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">6,837</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">31</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">6</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.5312px;">11</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 51.0312px;">47</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">14,080</td><td align="center" style="border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); font-size: 10px; vertical-align: top; width: 50.5312px;">171</td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-size: 11px;"><i>1)</i> <i>Sensitivities were calculated at progressive C$NSR/t cut-off utilizing the same parameters and metal pricing as the Base Case scenario described in Table 1.</i></span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Silver, Gold Equivalencies and C$NSR Calculations</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Silver and Gold Equivalents and NSR$/t values were calculated using approximate average long-term prices of $20/oz silver, $1,700/oz gold, $3.50/lb copper, $0.95/lb lead and $1.45/lb zinc. All metal prices are stated in $USD with a conversion to $CAD of 0.77. See below the equivalency and C$NSR calculations:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">AgEq = (Ag g/t x 1) + (Au g/t x 81.41) + (Cu% x 116.35) + (Pb% x 28.77) + (Zn% x 44.80)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">AuEq = (Ag g/t x 0.012) + (Au g/t x 1) + (Cu% x 1.43) + (Pb% x 0.35) + (Zn% x 0.55)</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">C$NSR = (Ag g/t x 0.57) + (Au g/t x 46.79) + (Cu% x 66.87) + (Pb% x 16.54) + (Zn% x 25.74)</p><p>In short, this resource estimate comes out to over one million ounces of indicated and inferred gold equivalents. Similar type of projects belong to companies with $50 to $100 million market caps. A $0.50 stock price would put EQTY on the lower end of that range. We expect the stock to gain momentum over the next several days as this great news gets disseminated. </p><p>If you look at the 5 year chart on EQTY, you'll notice a massive run to over $3.00 from $0.40 that took place in the matter of a couple of days in October 2017. Two months later the stock cratered and gave most of that back. This was on hype of a <a href="https://sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00003602&issuerType=03&projectNo=02687231&docId=4199397" target="_blank"><b>drill hole completed</b></a> at the Silver Queen Project. The <a href="https://sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00003602&issuerType=03&projectNo=02714782&docId=4237950" target="_blank"><b>results disappointed</b></a> in the end. Fast forward five years and now the project has a significant defined resource while it is trading at a mere $0.11 or $11 million market cap. If it can takeoff to the moon back then, EQTY certainly had a shot to take off to the moon once again now. </p><p>Next up is NILI, and boy do we have a lot to say about <a href="https://money.tmx.com/en/quote/NILI/news/6619013093317973/Surge_Battery_Metals_Announces_Strong_Lithium_Results_from_Drilling_at_the_Nevada_North_Lithium_Project" target="_blank"><b>today's press release</b></a>. First, let's talk about these incredible results:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;"><span style="font-weight: bold;">December 1, 2022 </span>– TheNewswire - Coquitlam, BC - Surge Battery Metals Inc. (the “Company” or “Surge”) (TSXV:NILI ) , ( OTC:NILIF ) , ( FRA:DJ5C) is pleased to announce assay results from four drill holes at their 100% owned Nevada North Lithium Project in Elko County, Nevada. Assay results returned multiple zones of strong values ranging from 1,000 ppm to 5,000 ppm lithium confirming the potential for a high tenor lithium clay deposit.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">The tables below list the significant intercepts in each hole. Averages were calculated using a 1,000-ppm lithium cut off value with no internal dilution. All holes were drilled vertically using reverse circulation percussion drilling methods.</p><table style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><tbody><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">Hole ID</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">From ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">To ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">From M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">To M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">Thickness ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">thickness M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">Avg Li ppm</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">NN2203</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">5</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">120</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">1.52</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">36.57</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">120</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">35.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px; text-align: justify;">4008</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">NN2203</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">170</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">200</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">51.81</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">60.96</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">30</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">9.15</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px; text-align: justify;">3210</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">NN2203</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">235</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">250</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">71.62</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">76.2</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">15</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px; text-align: justify;">4.58</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px; text-align: justify;">1480</p></td></tr></tbody></table><table style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><tbody><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Hole ID</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Thickness ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">thickness M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Avg Li ppm<a href="https://money.tmx.com/en/quote/NILI/news/6619013093317973/Surge_Battery_Metals_Announces_Strong_Lithium_Results_from_Drilling_at_the_Nevada_North_Lithium_Project" style="background-color: transparent; color: #235b59;" target="_blank"></a></p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2204</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">100</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">30.48</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">100</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">30.48</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">3929</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2204</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">135</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">170</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">41.15</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">51.81</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">35</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">10.66</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">2563</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2204</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">210</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">215</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">64</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">65.53</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">5</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">1.53</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">1500<a href="https://money.tmx.com/en/quote/NILI/news/6619013093317973/Surge_Battery_Metals_Announces_Strong_Lithium_Results_from_Drilling_at_the_Nevada_North_Lithium_Project" style="background-color: transparent; color: #235b59;" target="_blank"></a></p></td></tr></tbody></table><table style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><tbody><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Hole ID</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Thickness ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">thickness M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Avg Li ppm</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2205</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">115</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">35.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">115</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">35.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">4000</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2205</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">155</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">190</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">47.24</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">57.91</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">35</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">10.67</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">2020</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2205</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">220</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">240</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">67.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">73.15</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">20</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">6.1</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">2216</p></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">Holes NN2203, NN2204, and NN2205 were drilled along a ridgeline capped by a thin layer of silicious tuff and flanked by strongly anomalous soil samples. The holes were spaced about 120 meters apart in <a href="https://money.tmx.com/en/quote/NILI/news/6619013093317973/Surge_Battery_Metals_Announces_Strong_Lithium_Results_from_Drilling_at_the_Nevada_North_Lithium_Project" style="background-color: transparent; color: #235b59;" target="_blank"></a>some of the strongest parts of the soil anomaly.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">Mineralization is found in three distinct horizons of silty, weakly calcareous, claystone and with seams of blue-grey clay. Sedimentary textures are not well preserved in the chips, so the depositional environment is not clear but is thought to be in a lakebed environment. Rocks between the productive horizon are mostly reduced felsic air fall tuffs and tuffaceous siltstone. All holes ended in coarse cobble to pebble conglomerate or ash flow tuff. The lower tuff shows moderate propylitic alteration with replacement of mafic minerals by chlorite and disseminated pyrite.</p><table style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><tbody><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Hole ID</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">From M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">To M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Thickness ft</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">thickness M</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">Avg Li ppm</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2202</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">10</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;">0</td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">3.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">10</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">3.05</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">2065</p></td></tr><tr><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">NN2202</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">50</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">65</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">15.24</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">19.81</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">15</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="margin: 20px 0px;">4.57</p></td><td colspan="1" rowspan="1" style="border-color: rgb(0, 0, 0); border-style: solid; padding: 0cm 0.191cm;"><p style="font-weight: bold; margin: 20px 0px;">1295</p></td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">Hole NN2202 was drilled on the eastern edge of the soil geochemical anomaly and while intersecting thin zones of moderate grade, seems to partially define the eastern extent of the mineralization.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">As previously reported, partial, representative “rush” assay samples from drill hole NN2201 returned values in the productive clay/silt unit ranging from 1460 to 4500 ppm lithium. The full results from this “discovery” hole have not been received to date and should be processed by the lab shortly. Results from drill holes NN2206, NN2207, and NN2208 are being processed and results will be released as they become available.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">Drill hole NN2206 tested the eastern edge of the soil anomaly and intersected about 15 meters (45 feet) of the productive clay/siltstone unit. Hole NN2207, drilled 490 meters south of NN2201, cut over 120 meters (400 feet) of the permissive claystone in four horizons. NN2208, the last hole of the 2022 program cut 72 meters (240 feet) of the productive horizons. Results of these holes are eagerly awaited.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: justify;">While the property has several similarities to the Thacker Pass Deposit, the Nevada North Lithium Project is located some 290 km east of the McDermitt Caldera in what is likely a completely new lithium district.</p><p>The company made reference to Thacker Pass, despite being in an entirely new region (therefore with upside potential being unlimited). We have to agree with this assessment. We have compared NILI to Nevada Sunrise Metals Corporation (NEV.V) in the past, with NEV sitting at a slightly higher market cap today. These results absolutely blow NEV out of the water. NEV <a href="https://finance.yahoo.com/news/nevada-sunrise-receives-final-lithium-113000023.html" target="_blank"><b>previous announced</b></a> an 1,101 ppm lithium discovery over 730 feet. The problem with that is that NEV's discovery is mostly buried at the bottom of the hole with 2,218 ppm in the final 130 feet starting at 990 feet depth. Subtract this out from the discovery and the first 600 feet starting from 300 feet deep averages about 860 ppm. NILI used a cutoff of 1,000 ppm. If NEV has used the same cutoff in its reporting as NILI, it's entire discovery would be 130 feet of 2,218 ppm using this one hole as an example. That's a lower grade of similar length buried a thousand feet deep compared to NILI's first section of ~4,000 ppm discovery at surface across three holes. NILI should clearly be valued at 3-4x of NEV, leading to our $0.75 target.</p><p>An argument brought up by naysayers today is that Nevada Lithium Resources Inc. (NVLH.CN) 50% owned project actually has better grades. Well, let's review this, with a chart provided by NVLH in its <a href="https://finance.yahoo.com/news/highest-lithium-grades-date-returned-152300069.html" target="_blank"><b>press release</b></a> on September 29:</p><p><img alt="Unable to view the image, Please provide a valid URL." id="imgSmall" src="https://mma.prnewswire.com/media/1910549/Nevada_Lithium_Resources_Inc_Highest_Lithium_Grades_to_Date_Retu.jpg?p=distribution" style="text-align: center;" /></p><p>From 7 feet to 2001 feet, NVLH scored 1,246 ppm lithium. But it's the exact same song and dance as NEV. Most of that is buried in the final 446 feet at 3,079 ppm. The first 1,500 or so feet average 718 ppm. Again, below NILI's cutoff point. You can dig 100 feet deep and find more lithium in NILI's discovery than you will in the first 500 feet in NVLH's discovery. NILI's holes were dug to a depth of around the 250 to 400 feet range. We can't rule out that if NILI had bothered to drill as deep as 2,000 feet that it wouldn't have found something there as well. So again, NILI blows this discovery out of the water. </p><p>With further drill holes expected over the next few weeks, including full results from the first one, NILI is very likely to continue upwards on hype, in addition to the significant value it already has just in this press release. The stock price remained muted today for one reason and one reason only. The company announced a $0.10 private placement in conjunction with the drill results. It killed the momentum, but also provides significant opportunity for traders to spike the stock.</p><p>Management was very foolish to announce this placement the way they did. Perhaps it was in the works and they had no choice but to halt the stock and release everything concurrently. This 10 cent placement is below the threshold of what the TSX Venture allows and will likely be rejected in the review. Particularly so if shareholders call up or email the Exchange to complain. Complaining to NILI's IR or management will do nothing. You have to call up the TSXV Exchange and if enough people do that, this will get on their radar for refusal. The lowest close NILI has had in the last two weeks has been $0.15, which makes this a 33% discount to the lowest price management could possibly justify as a marker for the pricing of the raise, and 50% discount to closing price at the time of the news release. TSXV rules do not allow for greater than a 25% discount to market prices. </p><p>If the private placement is refused, particularly if open market buyers see the value here and push this to $0.30 and beyond, all of the sleazy financiers who are likely shorting the stock to take advantage of the placement will have to cover. Not with shares in the placement, but on the open market. NILI is ripe for a short squeeze. The only thing that can stop this is Canadian retail day trading fools who don't know how to trade or make any money panic sell at a loss. Buy AND hold. Don't complain on the message boards about the raise. Make yourself useful and complain to the Exchange instead. </p><p>For point of reference, Queensland Gold Hills Corp. (OZAU.V) has shot up to $0.45 in recent days on its own lithium property news. It also released a private placement at $0.10 and that hasn't stopped its momentum. Difference being that at the time of the private placement, the stock was trading at $0.12 and that's within an acceptable range for approval. But even that might be refused by the Exchange given where the price is now. </p><p> Disclosure: We are long NILI.V, EQTY.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-80091036060111717862022-11-24T17:17:00.010-05:002022-11-24T17:24:33.064-05:00NILI: The March to $0.30<p>In our last post earlier this week, <a href="https://nasdaqnewsreports.blogspot.com/2022/11/potentially-significant-new-uranium-discovery.html" target="_blank"><b>we wrote a bullish call</b></a> on <b>Fission 3.0 Corp. (FUU.V) (FISOF)</b>. With that stock having doubled since then, we think it's wise to take profits and focus back on <b>Surge Battery Metals Inc. (NILI.V) (NILIF)</b>. At $0.165, NILI is up 65% <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>from our call at $0.10</b></a>, but we think it is on its way to at least $0.30 in the short term with much higher prices down the road upon successful drill results. $0.30 was the price it was last year before the recent high grade at-surface lithium samples at its Nevada North Lithium Project were announced. So even though it's up 65% in the month since we called it, there is still an opportunity to buy low before the hype really sets in. We are up to 1,004 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 91 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers. </p><p>As reminder, here is the <a href="https://money.tmx.com/en/quote/NILI/news/6891124776305574/Surge_Battery_Metals_Confirms_High_Grade_Lithium_Discovery_in_First_Drill_Hole_at_Nevada_North_Project" target="_blank"><b>press release</b></a> on October 19 that started this run:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">VANCOUVER, BC / ACCESSWIRE / October 19, 2022 /</span> Surge Battery Metals Inc. (the "Company" or "Surge") (TSXV:NILI)(OTC PINK:NILIF)(FRA:DJ5C) is pleased to report that the first hole of an eight-hole reverse circulation drill program has confirmed the potential for a high-grade lithium deposit existing at the Nevada North Lithium Project located north of Wells, Nevada.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Six representative and randomly selected samples of silty clay, taken from varying depths (see table below) in drill hole NN22-01, range from a low of 1,790 ppm to high of 4,500 ppm lithium (average 3,093 ppm lithium).</span> Full drill results will be announced once received from the lab, expected in two to three weeks.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 1. Lithium sample results vertical drill hole NN22-01, total depth 82.3m (270ft).</p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><span style="font-weight: bolder;">3170ppm</span> from 3.0m to 4.6m, (10 to 15ft); tan clay with fine tuff sand</li><li><span style="font-weight: bolder;">4500ppm </span>from 9.1m to 10.7m, (30ft to 35ft); blue green silty clay</li><li><span style="font-weight: bolder;">1790ppm</span> from 16.8m to 18.3m, (55ft to 60ft); blue green silty clay</li><li><span style="font-weight: bolder;">1990ppm</span> from 59.5m to 61m, (195ft to 200ft); dark blue-grey silty clay</li><li><span style="font-weight: bolder;">2980ppm</span> from 61.0m to 62.5m. (200 ft to 205ft); dark blue-grey silty clay</li><li><span style="font-weight: bolder;">4130ppm</span> from 62.5m to 64m, (205ft to 210ft); dark blue-grey silty clay</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Initial results from drill hole NN22-01 confirm that significant surface lithium soil values of up to 5,120 ppm lithium also continue to a depth</span> of over 64m (200 ft). Drilling in all holes encountered similar silty clay units ranging in drilled depths of up to 91.5m (300ft) in most holes and up to a depth of 160m (525 ft) in drill hole NN22-07.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">The maiden drilling program was implemented to test an area of about 1,700 meters east-west occurring in two bands, each about 300 to 400 meters wide that outlined a highly anomalous zone containing abundant sample points greater than 1,000 ppm lithium.</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>Mr. Greg Reimer, Company President & CEO states: "The initial drill sample results have confirmed that highly anomalous lithium values persist to depth in the silty clay unit that that appears to underlie the better soil values observed in samples collected last year and earlier this summer.</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>Our maiden drilling program has identified significant potential for a lithium deposit in an area of northern Nevada not previously recognized for its lithium potential. We look forward to seeing the completed assay results from the eight-hole program as they are received over the next few weeks. The Company plans to continue work at this exciting new discovery in the months ahead and we are well financed to do so."</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Drilling utilized a buggy mounted system provided by O'Keefe Drilling Company of Butte, Montana. Site preparation and water handling were provided by Legarza Exploration of Elko, Nevada. Drill cuttings were collected on 5-foot intervals and bagged at the drill site by O'Keefe staff. Samples were collected from the site by the Surge Project geologist and delivered to the ALS Global sample preparation facility in Twin Falls, Idaho. Samples were dried, crushed, and pulverized at the Twin falls facility and sent to other ALS laboratories for analysis. Samples were assayed using the ALS ICP-41 method using an aqua regia leach followed by ICP optical emission spectrography. The detection level of lithium by this method is 10 - 10,000 ppm. Complete results are pending.</p><p>The full results are highly anticipated because investors want to know if the grades sampled at various depths in Hole 1 are consistent throughout the entire hole and within the other drill holes. As a point of reference, Thacker Pass, the lithium mine owned by Lithium Americas Corp. (LAC), has an average grade of 2,231 ppm lithium. The six five-foot samples announced so far average out to 3,093 ppm lithium. If these grades in the samples can be proven out across the entire length of the holes, NILI has an economically viable resource and a stock that should be worth much more than where it is today. </p><p>NILI has 96 million shares outstanding, which puts it around a $16 million market cap. A good comparable for NILI would be Nevada Sunrise Metals Corporation (NEV.V), which has a similar float of 91 million shares and a stock price of $0.235. Here is a screen shot of NEV's price history on April 21 when it first announced its discovery:</p><p><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNSfutsS0o8jPhANho7-CXLpgCi4YAItu_y0_6QSJ0eTtb2uk61sCkfb3b2IHrY8TE7sohHlrGy56V0rBvASziUBqEcTx9_oJARkIeu_CveKjsdCOEVK013CX8qnXZanZWE3ZsQR7O4iQzO9KbqJw3d4-Fsr3Hmc60vJdtzFo7XARx1bSyYHkNHuPqmg/s1373/NEV.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="455" data-original-width="1373" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNSfutsS0o8jPhANho7-CXLpgCi4YAItu_y0_6QSJ0eTtb2uk61sCkfb3b2IHrY8TE7sohHlrGy56V0rBvASziUBqEcTx9_oJARkIeu_CveKjsdCOEVK013CX8qnXZanZWE3ZsQR7O4iQzO9KbqJw3d4-Fsr3Hmc60vJdtzFo7XARx1bSyYHkNHuPqmg/w640-h213/NEV.jpg" width="640" /></a></div><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>On April 21 NEV rose from $0.09 to $0.14. It pulled back to the $0.10 on the third trading day after initial results. Then it took off to over $0.20 on follow up results, surpassing $0.30 in June and hitting a high of $0.40 in August before pulling back to where it is today. We initially expected NILI to do this type of run in late October after its spike then pullback under $0.10, but the news that drill results were delayed by 2-3 weeks extended the timing for NILI. With the stock having increasing 1-2 pennies most days over the past two weeks, now it resembles the price history of NEV in late April. NEV's press releases on <a href="https://money.tmx.com/en/quote/NEV/news/8307475605599104/Nevada_Sunrise_Receives_Additional_Lithium_Analyses_GEM2201_Mineralized_Intersection_Improves_to_1203_ppm_Lithium_over_580_Feet_in_New_Lithium_Discovery_at_the_Gemini_Lithium_Project_Nevada" target="_blank"><b>April 21</b></a> and <a href="https://money.tmx.com/en/quote/NEV/news/8307475605599104/Nevada_Sunrise_Receives_Additional_Lithium_Analyses_GEM2201_Mineralized_Intersection_Improves_to_1203_ppm_Lithium_over_580_Feet_in_New_Lithium_Discovery_at_the_Gemini_Lithium_Project_Nevada" target="_blank"><b>29</b></a> featured 950 ppm Lithium over 200 Feet and 1,203 ppm Lithium over 580 Feet. After that second press release, NEV hit a high of $0.23. Expectations are that NILI will report a significantly higher grade that that. Expect further buying in anticipation of the drill results with multi-bagger potential if the grades are consistent across the entire length of the holes. </p><p> Disclosure: We are long NILI.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-24641111863988347442022-11-22T00:47:00.006-05:002022-11-22T00:50:54.957-05:00Fission 3.0: Potentially Significant New Uranium Discovery<p>Over the past month we have been extremely bullish on <b>Surge Battery Metals Inc. (NILI.V) (NILIF)</b> after the company announced sample drill results that could indicate a significant lithium deposit on its Nevada North Project. <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>Since our first call on October 21</b></a>, the stock has risen 60% to $0.16, and has been picking up momentum over the last week on anticipation of the imminent release of further results. We remain extremely bullish on NILI's near term prospects. But today's write up will be about a potentially significant uranium discovery from <b>Fission 3.0 Corp. (FUU.V) (FISOF)</b>, with the stock having risen 60% on the day as a result. We are up to 1,004 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 91 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers. </p><p>From today's news release:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Kelowna, British Columbia--(Newsfile Corp. - November 21, 2022) - <span style="font-weight: bolder;">FISSION 3.0 CORP (TSXV: FUU) </span>("<span style="font-weight: bolder;">Fission 3</span>" or <span style="font-weight: bolder;">"the Company"</span>) is pleased to announce that it has intersected extremely radioactive and off-scale (<span style="font-weight: bolder;">>65,000 cps</span>) mineralization in a new uranium discovery occurring as massive pitchblende, pitchblende buttons and veins at the start of its fall drill program on its 100% owned Patterson Lake North "PLN" project in the southwest Athabasca Basin region of Saskatchewan, Canada.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Two diamond drills commenced on the previously undrilled 800 m northwest strike extension of the ~3 km long A1 conductor. A new uranium discovery has been made in the second drill hole of the fall program. <span style="font-weight: bolder;">PLN22-035</span> is a 730 m step-out from a weakly mineralized drillhole, PLN14-019, drilled in 2014. PLN22-035 targeted the ground Time Domain Electromagnetic (TDEM) A1 conductor. Drill hole PLN22-034, the first hole of the fall drill program, intersected the A1 structure but no mineralization (>300cps) was noted.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Drilling Highlights:</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">PLN22-035</span> (line 00N)</p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><span style="font-weight: bolder;">15.0 m</span> total composite mineralization >300 cps over a 15.5 m interval (between 257.0 m to 272.5 m), including<ul><li><span style="font-weight: bolder;">5.62 m</span> of total composite mineralization <span style="font-weight: bolder;">>10,000 cps</span> over a 6.3 m interval (between 259.0 m and 265.3 m including<ul><li><span style="font-weight: bolder;">1.5 m</span> of total off scale radioactivity (<span style="font-weight: bolder;">>65,000 cps</span>) over a 2.0 m interval (between 262.0 m and 264.0 m)</li></ul></li></ul></li><li>the hole is still in progress</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Raymond Ashley, Vice President Exploration, commented</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">"We are very excited about this new high-grade uranium discovery at the start of our fall drilling program on the A1 conductor. The drilling program is being immediately amended to further delineate this new off-scale uranium mineralization within a significant 15.0 m wide mineralized altered structural damage zone. I am very grateful to work with this dedicated and extremely capable exploration team, and very proud of this new discovery that we have all made."</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 1: Drill Hole Summary</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"></p><table border="0" cellpadding="3" cellspacing="0" style="background-color: #f6f7f8; border-collapse: collapse; border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; width: 860px;"><tbody><tr><td rowspan="2" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">Hole ID</td><td rowspan="2" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">Target</td><td colspan="4" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center;">Collar</td><td colspan="4" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center;">* Hand-held Spectrometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)</td><td rowspan="2" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;">Basement Unconformity Depth (m)</td><td rowspan="2" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;">Total Drillhole Depth (m)</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">Easting</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">Northing</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">Az</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">Dip</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; width: 64.4583px;"><p style="margin: 20px 0px;"></p><p style="margin: 20px 0px;"></p><p style="margin: 20px 0px; text-align: center;"><span style="background-color: white;">From<br /></span>(m)</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; width: 64.4583px;"><p style="margin: 20px 0px;"></p><p style="margin: 20px 0px;"></p><p style="margin: 20px 0px; text-align: center;"><span style="background-color: white;">To<br /></span>(m)</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; width: 64.4583px;"><p style="margin: 20px 0px;"></p><p style="margin: 20px 0px;"></p><p style="margin: 20px 0px; text-align: center;"><span style="background-color: white;">Width<br /></span>(m)</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">Max CPS</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">PLN22-034</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">A1 Conductor</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">587885</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">6410348</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">52</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">-50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;">168.7</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;">374</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">PLN22-035</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">A1 Conductor</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">587657</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">6410711</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">52</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">-52</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">257.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">257.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">630</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;">227.0</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;">In Progress</td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">257.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">258.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">1300</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">258.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">258.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">5500</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">258.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">259.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">2200</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">259.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">259.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.5</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">12400</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">259.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">260.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">4000</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">260.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">260.18</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.18</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">6000</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">260.18</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">260.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.32</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">20100</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">260.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">261.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.5</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">23000</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">261.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">261.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.5</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">30000</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">261.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">262.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.5</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">47400</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">262.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">262.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.5</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">>65000</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">262.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">263.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.5</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">19800</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"><span style="font-weight: bolder;"> </span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">263.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">263.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.5</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">>65000</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"><span style="font-weight: bolder;"> </span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">263.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">264.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.5</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">>65000</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"><span style="font-weight: bolder;"> </span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">264.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">264.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.5</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">48200</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"><span style="font-weight: bolder;"> </span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">264.50</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">265.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.5</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">62200</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"><span style="font-weight: bolder;"> </span></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;"> </span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">265.00</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">265.30</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">0.3</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><span style="font-weight: bolder;">15200</span></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">265.30</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">265.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.2</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">2800</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">265.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">266.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">630</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">266.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">266.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">2100</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">266.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">267.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">790</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">267.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">267.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">350</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">267.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">268.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">1100</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">268.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">268.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">360</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">268.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">269.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"><300</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">269.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">269.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">1000</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">269.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">270.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">460</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">270.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">270.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">7300</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">270.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">271.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">600</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">271.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">271.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">6600</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">271.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">272.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">390</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4896px;"> </td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">272.00</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">272.50</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">0.5</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; text-align: center; width: 64.4583px;">2000</td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; width: 65.9271px;"> </td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; font-size: 10px; width: 64.4896px;"> </td></tr></tbody></table><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"> </p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Drill collar locations in UTM NAD 83 coordinates</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">The Companies innovative use of a sonic drill facilitates penetration through relatively deep and difficult overburden to set drill casing at shallow angles. Consequently, the shallow inclined holes that intersect the steeply dipping lithologies provide reported intervals that are closer to true thickness.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/8110/145045_fc6ebc1ef47d7b6c_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8110/145045_fc6ebc1ef47d7b6c_003.jpg" src="https://images.newsfilecorp.com/files/8110/145045_fc6ebc1ef47d7b6c_003.jpg" style="border-style: none; border-width: 0px;" /></a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><span style="font-weight: bolder;">Figure 1</span><br /><br />To view an enhanced version of this graphic, please visit:<br /><a href="https://images.newsfilecorp.com/files/8110/145045_fc6ebc1ef47d7b6c_003full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/8110/145045_fc6ebc1ef47d7b6c_003full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><a href="https://images.newsfilecorp.com/files/8110/145045_fc6ebc1ef47d7b6c_004full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;"><img alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8110/145045_fc6ebc1ef47d7b6c_004.jpg" src="https://images.newsfilecorp.com/files/8110/145045_fc6ebc1ef47d7b6c_004.jpg" style="border-style: none; border-width: 0px;" /></a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px; text-align: center;"><span style="font-weight: bolder;">Figure 2</span><br /><br />To view an enhanced version of this graphic, please visit:<br /><a href="https://images.newsfilecorp.com/files/8110/145045_fc6ebc1ef47d7b6c_004full.jpg" rel="nofollow" style="background-color: transparent; color: #235b59;">https://images.newsfilecorp.com/files/8110/145045_fc6ebc1ef47d7b6c_004full.jpg</a></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Natural gamma radiation in the drill core that is reported in this news release was measured in counts per second (cps) using a handheld Radiation Solutions RS-125 scintillometer. The Company considers greater than 300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade and greater than 65,000 cps as off-scale. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. All depth measurements reported are down-hole and true thickness are yet to be determined. Samples from the drill core are split in half on site and are standardized at 0.5 m lengths. One half of the split sample will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK. for lithogeochemical analysis using their "Uranium Package".</p><p>This extremely radioactive drill intercept surpassed 65,000 cps, going beyond what the scintillometer could measure. It's also a fairly wide structure of 15 meters. Both of these facts point to significant mineralization, and the company will adjust its drilling program to focus on this discovery to better understand just how significant it is. In the meantime, we believe the stock has a lot more room to go upwards as this potential find gets further disseminated and as hype over the continued drill program grows. After today's news, FUU has a market cap of $36 million CAD at $0.12. </p><p>Disclosure: We are long FUU.V, NILI.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-15449192314560013932022-11-16T00:36:00.007-05:002022-11-16T00:43:02.886-05:00NILI: On Verge of a Breakout <p>Three weeks ago we wrote a <a href="https://nasdaqnewsreports.blogspot.com/2022/10/significant-lithium-discovery-with-more.html" target="_blank"><b>bullish report</b></a> on <b>Surge Battery Metals Inc. (NILI.V) (NILIF)</b>. The stock has remained mostly around the $0.10 mark during that time, as expected assay results from the Nevada North Lithium Project were <a href="https://money.tmx.com/en/quote/NILI/news/5874311835875226/Surge_Battery_Metals_Awaits_Drilling_Results_Targeting_Significant_Lithium_Discovery_in_Northern_Nevada" target="_blank"><b>delayed</b></a> by 2-3 weeks. As we are closing in on the date of the assays being released, the stock is starting to rise in anticipation. On Tuesday it closed at $0.115, up 15% on the day. This is the highest close the stock has had since November 1, and is a sign that it's on the verge of a breakout in anticipation of the results. The company also announced a <a href="https://money.tmx.com/en/quote/NILI/news/7049352094592926/Surge_Battery_Metals_Announces_Drilling_Underway_at_the_Hard_Nickel_Four_Project_Decar_Nickel_District_Central_BC" target="_blank"><b>drill program on its nickel project</b></a>, so that will only add more speculative fuel to the fire. We are up to 1,004 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 90 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers. </p><p>This was the <a href="https://money.tmx.com/en/quote/NILI/news/6891124776305574/Surge_Battery_Metals_Confirms_High_Grade_Lithium_Discovery_in_First_Drill_Hole_at_Nevada_North_Project" target="_blank"><b>press release</b></a> on October 19:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">VANCOUVER, BC / ACCESSWIRE / October 19, 2022 /</span> Surge Battery Metals Inc. (the "Company" or "Surge") (TSXV:NILI)(OTC PINK:NILIF)(FRA:DJ5C) is pleased to report that the first hole of an eight-hole reverse circulation drill program has confirmed the potential for a high-grade lithium deposit existing at the Nevada North Lithium Project located north of Wells, Nevada.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Six representative and randomly selected samples of silty clay, taken from varying depths (see table below) in drill hole NN22-01, range from a low of 1,790 ppm to high of 4,500 ppm lithium (average 3,093 ppm lithium).</span> Full drill results will be announced once received from the lab, expected in two to three weeks.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 1. Lithium sample results vertical drill hole NN22-01, total depth 82.3m (270ft).</p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><span style="font-weight: bolder;">3170ppm</span> from 3.0m to 4.6m, (10 to 15ft); tan clay with fine tuff sand</li><li><span style="font-weight: bolder;">4500ppm </span>from 9.1m to 10.7m, (30ft to 35ft); blue green silty clay</li><li><span style="font-weight: bolder;">1790ppm</span> from 16.8m to 18.3m, (55ft to 60ft); blue green silty clay</li><li><span style="font-weight: bolder;">1990ppm</span> from 59.5m to 61m, (195ft to 200ft); dark blue-grey silty clay</li><li><span style="font-weight: bolder;">2980ppm</span> from 61.0m to 62.5m. (200 ft to 205ft); dark blue-grey silty clay</li><li><span style="font-weight: bolder;">4130ppm</span> from 62.5m to 64m, (205ft to 210ft); dark blue-grey silty clay</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Initial results from drill hole NN22-01 confirm that significant surface lithium soil values of up to 5,120 ppm lithium also continue to a depth</span> of over 64m (200 ft). Drilling in all holes encountered similar silty clay units ranging in drilled depths of up to 91.5m (300ft) in most holes and up to a depth of 160m (525 ft) in drill hole NN22-07.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">The maiden drilling program was implemented to test an area of about 1,700 meters east-west occurring in two bands, each about 300 to 400 meters wide that outlined a highly anomalous zone containing abundant sample points greater than 1,000 ppm lithium.</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>Mr. Greg Reimer, Company President & CEO states: "The initial drill sample results have confirmed that highly anomalous lithium values persist to depth in the silty clay unit that that appears to underlie the better soil values observed in samples collected last year and earlier this summer.</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>Our maiden drilling program has identified significant potential for a lithium deposit in an area of northern Nevada not previously recognized for its lithium potential. We look forward to seeing the completed assay results from the eight-hole program as they are received over the next few weeks. The Company plans to continue work at this exciting new discovery in the months ahead and we are well financed to do so."</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Drilling utilized a buggy mounted system provided by O'Keefe Drilling Company of Butte, Montana. Site preparation and water handling were provided by Legarza Exploration of Elko, Nevada. Drill cuttings were collected on 5-foot intervals and bagged at the drill site by O'Keefe staff. Samples were collected from the site by the Surge Project geologist and delivered to the ALS Global sample preparation facility in Twin Falls, Idaho. Samples were dried, crushed, and pulverized at the Twin falls facility and sent to other ALS laboratories for analysis. Samples were assayed using the ALS ICP-41 method using an aqua regia leach followed by ICP optical emission spectrography. The detection level of lithium by this method is 10 - 10,000 ppm. Complete results are pending.</p><p>The full results are highly anticipated because investors want to know if the grades sampled at various depths in Hole 1 are consistent throughout the entire hole and within the other drill holes. As a point of reference, Thacker Pass, the lithium mine owned by Lithium Americas Corp. (LAC), has an average grade of 2,231 ppm lithium. The six five-foot samples announced so far average out to 3,093 ppm lithium. If these grades in the samples can be proven out across the entire length of the holes, NILI has an economically viable resource and a stock that should be worth much more than $10 million. </p><p>Nevada Sunrise Metals Corporation (NEV.V) is a great comparable for NILI. NEV's press releases on <a href="https://money.tmx.com/en/quote/NEV/news/8307475605599104/Nevada_Sunrise_Receives_Additional_Lithium_Analyses_GEM2201_Mineralized_Intersection_Improves_to_1203_ppm_Lithium_over_580_Feet_in_New_Lithium_Discovery_at_the_Gemini_Lithium_Project_Nevada" target="_blank"><b>April 21</b></a> and <a href="https://money.tmx.com/en/quote/NEV/news/8307475605599104/Nevada_Sunrise_Receives_Additional_Lithium_Analyses_GEM2201_Mineralized_Intersection_Improves_to_1203_ppm_Lithium_over_580_Feet_in_New_Lithium_Discovery_at_the_Gemini_Lithium_Project_Nevada" target="_blank"><b>29</b></a> featured 950 ppm Lithium over 200 Feet and 1,203 ppm Lithium over 580 Feet. NEV's market cap of $20 million is nearly double that of NILI while NILI has the potential to confirm a lithium resources that is 2-3x higher than NEV. </p><p>Expect further buying in anticipation of the drill results with multi-bagger potential if the grades are consistent across the entire length of the holes. </p><p> Disclosure: We are long NILI. </p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-32296565507782511432022-10-21T15:28:00.007-04:002022-11-16T00:33:49.213-05:00Significant Lithium Discovery With More To Come<p>The small cap market in Canada has been absolutely brutal over the last several months. The only saving graces have been battery metals, particularly lithium plays. One such play with a recent significant discovery is <b>Surge Battery Metals Inc. (NILI.V) (NILIF)</b>. It ran from $0.09 to $0.13 on October 19 after announcing that discovery and as of Friday afternoon it has pulled back to $0.10. We think this is an ideal time to get in as it will almost certainly continue its run on general sector hype as well as expectations of further results in the coming weeks. We are up to 1,005 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 89 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers. </p><p>The <a href="https://money.tmx.com/en/quote/NILI/news/6891124776305574/Surge_Battery_Metals_Confirms_High_Grade_Lithium_Discovery_in_First_Drill_Hole_at_Nevada_North_Project" target="_blank"><b>press release</b></a> on October 19:</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">VANCOUVER, BC / ACCESSWIRE / October 19, 2022 /</span> Surge Battery Metals Inc. (the "Company" or "Surge") (TSXV:NILI)(OTC PINK:NILIF)(FRA:DJ5C) is pleased to report that the first hole of an eight-hole reverse circulation drill program has confirmed the potential for a high-grade lithium deposit existing at the Nevada North Lithium Project located north of Wells, Nevada.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Six representative and randomly selected samples of silty clay, taken from varying depths (see table below) in drill hole NN22-01, range from a low of 1,790 ppm to high of 4,500 ppm lithium (average 3,093 ppm lithium).</span> Full drill results will be announced once received from the lab, expected in two to three weeks.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Table 1. Lithium sample results vertical drill hole NN22-01, total depth 82.3m (270ft).</p><ul style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px;"><li><span style="font-weight: bolder;">3170ppm</span> from 3.0m to 4.6m, (10 to 15ft); tan clay with fine tuff sand</li><li><span style="font-weight: bolder;">4500ppm </span>from 9.1m to 10.7m, (30ft to 35ft); blue green silty clay</li><li><span style="font-weight: bolder;">1790ppm</span> from 16.8m to 18.3m, (55ft to 60ft); blue green silty clay</li><li><span style="font-weight: bolder;">1990ppm</span> from 59.5m to 61m, (195ft to 200ft); dark blue-grey silty clay</li><li><span style="font-weight: bolder;">2980ppm</span> from 61.0m to 62.5m. (200 ft to 205ft); dark blue-grey silty clay</li><li><span style="font-weight: bolder;">4130ppm</span> from 62.5m to 64m, (205ft to 210ft); dark blue-grey silty clay</li></ul><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">Initial results from drill hole NN22-01 confirm that significant surface lithium soil values of up to 5,120 ppm lithium also continue to a depth</span> of over 64m (200 ft). Drilling in all holes encountered similar silty clay units ranging in drilled depths of up to 91.5m (300ft) in most holes and up to a depth of 160m (525 ft) in drill hole NN22-07.</p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><span style="font-weight: bolder;">The maiden drilling program was implemented to test an area of about 1,700 meters east-west occurring in two bands, each about 300 to 400 meters wide that outlined a highly anomalous zone containing abundant sample points greater than 1,000 ppm lithium.</span></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>Mr. Greg Reimer, Company President & CEO states: "The initial drill sample results have confirmed that highly anomalous lithium values persist to depth in the silty clay unit that that appears to underlie the better soil values observed in samples collected last year and earlier this summer.</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;"><i>Our maiden drilling program has identified significant potential for a lithium deposit in an area of northern Nevada not previously recognized for its lithium potential. We look forward to seeing the completed assay results from the eight-hole program as they are received over the next few weeks. The Company plans to continue work at this exciting new discovery in the months ahead and we are well financed to do so."</i></p><p style="background-color: #f6f7f8; color: #12151a; font-family: DinPro, "Helvetica Neue", Arial, sans-serif; font-size: 14px; letter-spacing: 0.5px; margin: 20px 0px;">Drilling utilized a buggy mounted system provided by O'Keefe Drilling Company of Butte, Montana. Site preparation and water handling were provided by Legarza Exploration of Elko, Nevada. Drill cuttings were collected on 5-foot intervals and bagged at the drill site by O'Keefe staff. Samples were collected from the site by the Surge Project geologist and delivered to the ALS Global sample preparation facility in Twin Falls, Idaho. Samples were dried, crushed, and pulverized at the Twin falls facility and sent to other ALS laboratories for analysis. Samples were assayed using the ALS ICP-41 method using an aqua regia leach followed by ICP optical emission spectrography. The detection level of lithium by this method is 10 - 10,000 ppm. Complete results are pending.</p><p>The company followed this up with an <a href="https://money.tmx.com/en/quote/NILI/news/6616395686914968/Surge_Battery_Metals_Expands_Land_Holdings_to_Cover_Significant_Lithium_Discovery_in_Northern_Nevada" target="_blank"><b>announcement</b></a> that it expanded its land holdings. Dissecting this news release, we see that NILI is in a very favorable position. These are significant sample drill results starting basically at surface. This is within Nevada, where mining and exploration will be hot and heavy, but it's in a region not previously known for lithium. It's a complete wild card for how in demand this region will get, which will allow for high levels of speculation. Particularly in the near term as investors and traders wait for the full drill results in the next two to three weeks. On top of the potential for speculation, the company had $2.7 million in cash at the end of Q2, so the chances of dilution that would stifle a major run is low. </p><p>NILI has 96 million shares outstanding, which puts it around a $10 million market cap. A good comparable for NILI would be Nevada Sunrise Metals Corporation (NEV.V), which has a similar float of 91 million shares. Here is a screen shot of NEV's price history on April 21 when it first announced its discovery:</p><p><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNSfutsS0o8jPhANho7-CXLpgCi4YAItu_y0_6QSJ0eTtb2uk61sCkfb3b2IHrY8TE7sohHlrGy56V0rBvASziUBqEcTx9_oJARkIeu_CveKjsdCOEVK013CX8qnXZanZWE3ZsQR7O4iQzO9KbqJw3d4-Fsr3Hmc60vJdtzFo7XARx1bSyYHkNHuPqmg/s1373/NEV.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="455" data-original-width="1373" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNSfutsS0o8jPhANho7-CXLpgCi4YAItu_y0_6QSJ0eTtb2uk61sCkfb3b2IHrY8TE7sohHlrGy56V0rBvASziUBqEcTx9_oJARkIeu_CveKjsdCOEVK013CX8qnXZanZWE3ZsQR7O4iQzO9KbqJw3d4-Fsr3Hmc60vJdtzFo7XARx1bSyYHkNHuPqmg/w640-h213/NEV.jpg" width="640" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Look familiar huh? On April 21 it rose from $0.09 to $0.14. It pulled back to the $0.10 on the third trading day after initial results. Then it took off to over $0.20 on follow up results - a lot like what NILI is planning to give us over the next couple of weeks. NEV's press releases on <a href="https://money.tmx.com/en/quote/NEV/news/8307475605599104/Nevada_Sunrise_Receives_Additional_Lithium_Analyses_GEM2201_Mineralized_Intersection_Improves_to_1203_ppm_Lithium_over_580_Feet_in_New_Lithium_Discovery_at_the_Gemini_Lithium_Project_Nevada" target="_blank"><b>April 21</b></a> and <a href="https://money.tmx.com/en/quote/NEV/news/8307475605599104/Nevada_Sunrise_Receives_Additional_Lithium_Analyses_GEM2201_Mineralized_Intersection_Improves_to_1203_ppm_Lithium_over_580_Feet_in_New_Lithium_Discovery_at_the_Gemini_Lithium_Project_Nevada" target="_blank"><b>29</b></a> featured 950 ppm Lithium over 200 Feet and 1,203 ppm Lithium over 580 Feet. More results are to come. Even if the first hole is complete, it shows NILI's much higher grades at smaller intervals starting at the surface that average out to 464 ppm over 200 feet as its lower boundary. If the hole is shown to have consistent grades throughout, it could be far superior to NEV's findings, with that discovery being 300 feet deep before it starts. All things considered, these are comparable discoveries right now with NILI having potential to be much more. </p><p>NEV has a market cap of $26 million. That is where NILI is headed, a stock price of over $0.25. This doesn't take into account that NEV and other smaller lithium players could go on a run, as Lithium Americas Corp. (LAC) is up huge today and we expect some run off to the smaller lithium players next week. </p><p>Disclosure: We are long NILI. </p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-91679444239181484372022-07-24T17:36:00.001-04:002022-07-24T17:41:07.358-04:00GobiMin: Transaction Leads to Over 100% Upside<p>On July 13, we wrote a <a href="https://nasdaqnewsreports.blogspot.com/2022/07/oversold-and-undervalued-gem-has-10x.html" target="_blank"><b>bullish report</b></a> on <b>Simply Better Brands Corp. (PKANF)(SBBC.V).</b> Our conclusion was that the stock had 10x upside from a $0.25 stock price. It nearly quadrupled to as high as $0.96 in a week, but then management <a href="https://finance.yahoo.com/news/simply-better-brands-corp-announces-213100467.html" target="_blank"><b>announced</b></a> a completely ill-timed financing, giving no consideration to the retail shareholders who have supported this stock. With a convertible debenture at the election of the holder at $0.39, almost certainly this will be converted at some point in time, unless management continues with these dilutive financings that pace with revenue growth to keep the stock price below that exercise level. Therefore we expect the shares outstanding to be approximately 65 million, and must decrease our target to reflect that - from over $2.50 to approximately $1.25. That still leaves 4x upside from Friday's close. If investors can get in below the equity financing part of the deal at $0.295, it's still worth a long. As we have told readers before, it's always a good idea to take some off the table if a stock moved quickly, so hopefully buyers at low prices took something off the table and have more than a few pennies gain to show for it. </p><p>While SBBC has been disappointing, there is another opportunity out there that we are quite sure won't dilute shareholders at low prices as a recent transaction has made it cash-rich and it has a history of not only not diluting shareholders, but actually buying back shares. This is <b>GobiMin Inc. (GMNFF) (GMN.V)</b>. While SBBC's valuation could be up to each individual's interpretation of the value of its revenues and heavy growth, there is no ambiguity with GMN. It's most definitely undervalued with more than a 100% upside after a transaction that was announced 10 days ago and we expect that gap to close soon. We are up to 1,005 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 89 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers. </p><p>GMN <b><a href="https://finance.yahoo.com/news/gobimin-inc-announces-disposal-gold-115700330.html" target="_blank">announced the following</a></b>:</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Toronto, Canada, July 14, 2022 (GLOBE NEWSWIRE) -- (TSXV: GMN) GobiMin Inc. (“<span style="font-weight: bolder;">GobiMin</span>” or the “<span style="font-weight: bolder;">Company</span>”, together with its subsidiaries collectively the “<span style="font-weight: bolder;">Group</span>”) is pleased to announce that it has entered into a definitive agreement to sell the 100% indirect equity interest in a wholly-owned subsidiary, which owns the 70% indirect equity interest in the company holding the mining licence of the Sawayaerdun Gold Project, to a subsidiary of a Hong Kong listed mining company which is an independent third party to the Group (the “<span style="font-weight: bolder;">Buyer</span>”) for approximately CAD95 million (USD74 million) in cash, which will result in net proceeds to the Company of approximately CAD88 million (USD68 million) after payment of Chinese taxes and transaction related expenses (the “<span style="font-weight: bolder;">Disposal</span>”).</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">The Group shall receive from the Buyer the consideration, net of the withholding tax payable to China, after the registration of the equity transfer with the local authority and the completion of the handover. The Disposal is expected to be completed on or before September 30, 2022.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Mr Felipe Tan, president and Chief Executive Officer of GobiMin commented as follow: “the decision to sell the Gold Project has been arrived at a careful consideration of all options open to us under the current economic and market conditions. The Disposal enables the Group to maintain a strong financial position and the net proceeds from the Disposal can be used for pursuing new business opportunities.”</p><div class="caas-da" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; margin: 0px 0px 10px; text-align: center;"><div id="defaultINARTICLE"></div></div><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">The Disposal is an arm’s length transaction as defined in the policies of the TSX Venture Exchange.</p><p><a href="http://gobimin.s216.sureserver.com/pdf/2022/Reports/20220422_2021%20Annual%20report.pdf" target="_blank"><b>As of April 22, 2022</b></a>, GMN had 49,194,982 shares outstanding, with no outstanding warrants or options - very unusual for a TSXV stock. That number is actually down to 49,183,982 as the company has <a href="https://www.canadianinsider.com/node/7?menu_tickersearch=GMN+%7C+GobiMin" target="_blank"><b>bought back shares</b></a> as part of a <a href="https://finance.yahoo.com/news/gobimin-inc-announces-2022-normal-120000051.html" target="_blank"><b>normal course issuer bid</b></a>:</p><p><span face=""Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif" style="background-color: white; color: #1d2228; font-size: 18.005px;">Under the Bid, a total of up to 2,459,749 common shares may be purchased through the facilities of the TSXV, representing 5% of the issued and outstanding common shares of the Company, and any such purchases will be at market prices. All common shares purchased pursuant to the Bid will be returned to treasury for cancellation. The Bid will commence on or after April 29, 2022 and will end on April 28, 2023 or on such earlier date as GobiMin may complete its purchases pursuant to the Bid or as it may otherwise determine. Purchases pursuant to the Bid will be conducted through Raymond James Ltd.</span></p><p>Seeing such a shareholder-friendly structure, tight float and buy back of shares is very unusual behavior for TSXV stocks. That's why we think this stock can go up to its fair value very quickly. The stock is thinly traded, but now management has free reign to buy up 2.4 million shares on the open market when it has taken only about 800,000 shares combined over the past seven trading days since the deal was announced to take it from $0.20 to $0.88 CAD from both the Venture and OTC listing volume. </p><p>What is that fair value? In addition to the $88 million in CAD after payment of taxes and transaction costs, the company has $19.6 million in cash and other short term assets against $2.8 million in liabilities for $16.8 million USD worth of liquid net assets <a href="http://gobimin.s216.sureserver.com/pdf/2022/Reports/20220524_2022%20Q1%20FS.pdf" target="_blank"><b>as of March 31, 2022</b></a>. Translated to CAD, that's over $21 million. The fair value is $109 million divided by shares outstanding or over $2.20 CAD. </p><p>The company has the ability to increase this per share value by buying back shares below this amount. Let's say it purchases 2 million shares at $1.25 per share. The share count reduces to 47.2 million while the net cash balance reduces to $106.5 million, resulting in a $2.25 per share value. GMN is a clear buy here at anything less than $1.00 with a history, ability and incentive to buy up any cheap stock that remains. </p><p>Disclosure: We are long GMN.V </p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-14039261131947166612022-07-13T14:11:00.011-04:002022-07-13T14:17:14.082-04:00Oversold And Undervalued Gem Has 10x Upside Potential<p>In February, <b>Simply Better Brands Corp. (PKANF)(SBBC.V)</b> <a href="https://money.tmx.com/en/quote/SBBC/news/8401796433490030/Simply_Better_Brands_Corp_Announces_Increased_Offering_Size_of_up_to_CAD25_Million_Private_Placement" target="_blank"><b>announced</b></a> a $2.5 million private placement priced at $4.31. In May, it <a href="https://money.tmx.com/en/quote/SBBC/news/4715856314915780/Simply_Better_Brands_Corp_Announces_Shares_For_Debt_Transaction" target="_blank"><b>extinguished</b></a> nearly $600,000 in debt for shares valued at $4.20 per share. Since then, all hell has broken loose as the stock has tanked to $0.25 on relatively light volume in the two months that have followed. One would assume this crash and burn is because it's going bankrupt, but the opposite is true as strong financial results have actually seen it increase over 40% to $0.25 in afternoon trading as of 1pm Eastern today. We are up to 998 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 84 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>Today's <a href="https://money.tmx.com/en/quote/SBBC/news/7740389746199906/Simply_Better_Brands_Corp_Raises_2022_Financial_Outlook_as_Year_to_Date_Preliminary_Results_Exceed_Expectations" target="_blank"><b>news release</b></a>:</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><em>"Strong Customer Acquisition and Expanded Distribution Footprint Raise Expected Annual Outlook to $50-$55 million and Positive Adjusted EBITDA</em></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">VANCOUVER, British Columbia, July 13, 2022 (GLOBE NEWSWIRE) -- Simply Better Brands Corp. ("SBBC" or the "Company") (TSX Venture: SBBC) (OTCQB: PKANF) is pleased to announce it is raising its 2022 financial outlook based on year-to-date results and business momentum. The sources of growth remain customer, category, channel and geographic expansion. All amounts are expressed in United States dollars unless otherwise noted. Certain metrics, including those expressed on an adjusted basis, are non-International Financial Reporting Standards ("IFRS") measures, see "<em>Non-IFRS Measures</em>" below.<br /></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: bolder;">Preliminary June 30, 2022 Quarter to Date and Year to Date Results</span></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Preliminary sales for the quarter ending June 30, 2022, were $16.8 million compared to 3.1 million for the comparable period or a growth rate of 440%.</p><div class="caas-da" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; margin: 0px 0px 10px; text-align: center;"><div id="defaultINARTICLE"></div></div><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Preliminary gross margin for the six months ending June 30, 2022, was margin of 69% compared to 59% for the comparable period.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Preliminary sales for the six months ending June 30, 2022 were $28.9 million compared to $5.6 million for the comparable period or a growth rate of 417%.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Preliminary gross margin for the six months ending June 30, 2022, was margin of 67% compared to 61% for the comparable period.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">The PureKana and TRUBAR brands both achieved positive adjusted EBITDA margin in the months of April and May. Full second quarter and six-month results are due to be reported on August 30, 2022.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: bolder;">2022 Outlook</span></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">As a result of the strong year to date and quarter to date preliminary results as of June 30, 2022, the Company's guidance is changing as follows:</p><ul class="caas-list caas-list-bullet" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; list-style-type: none; margin: 0px; padding-left: 1.538em;"><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Expected consolidated net sales are increased to $50 million-55 million from $40 million-$42 million.</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Expected gross margin as a percentage of net sales is increased to 63%-65% from 58-60%.</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">The Company continues its expectation to achieve positive Adjusted EBITDA for fiscal 2022.<br /></p></li></ul><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: bolder;">2022 Business Drivers</span></p><ul class="caas-list caas-list-bullet" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; list-style-type: none; margin: 0px; padding-left: 1.538em;"><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">PureKana <a class="link rapid-noclick-resp" data-rapid_p="16" data-ylk="slk:(purekana.com)" href="https://www.globenewswire.com/Tracker?data=oAoTmsOs1akquXLgMuy2SlPF8WB57jLZjDA7VB1jr3CnDlITOUrqgtAIdj1nr9Y-7smlgrc8YW_GtnQPPt-Kfw==" rel="nofollow noopener" style="background-color: transparent; color: #188fff; cursor: pointer; text-decoration-line: none;" target="_blank">(purekana.com)</a> customer acquisition model adding approximately 15,000 new customers per month driving year-to-date growth of 366%% vs. year ago or $22.7 million vs. $4.8 million. According to Brightfield Research Group mid-year 2022 report, this performance makes PureKana a Top 10 brand out of 4,000 brands in the category.</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">PureKana expansion of a national salesforce for brick and mortar retail with a differentiated and innovative portfolio.</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">TRUBAR’s <a class="link rapid-noclick-resp" data-rapid_p="17" data-ylk="slk:(truwomen.com)" href="https://www.globenewswire.com/Tracker?data=pmGWQv9lwSxJ4CPbLtM_HXmuDEDtM2Jw12RzeIQNg8BxJeZeFnnNTAx0pB1p304rrc6TybwgnA-JrSqmW2WqQA==" rel="nofollow noopener" style="background-color: transparent; color: #188fff; cursor: pointer; text-decoration-line: none;" target="_blank">(truwomen.com)</a> expansion into Costco. By Q3 2022, TRUBAR has secured distribution into 50% of the U.S. based Costco regions with velocities exceeding bar category expectations.</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">No B.S. Skincare <a class="link rapid-noclick-resp" data-rapid_p="18" data-ylk="slk:(livenobs.com)" href="https://www.globenewswire.com/Tracker?data=OTcHymD44SxQSo05tsPlVV3iU6muFQpCZeOUsJ74RoHFT5AFUrjjY35XZd8BuER5yO9dJ3kUeCYtOcgrYrdVlQ==" rel="nofollow noopener" style="background-color: transparent; color: #188fff; cursor: pointer; text-decoration-line: none;" target="_blank">(livenobs.com)</a> launch into 3,200 CVS stores for Back-to-School migrating to on-shelf presence in September 2022.</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Planned geographic omni-channel expansion into the UK Market in the back half of 2022.<br /></p></li></ul><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: bolder;">Company Updates</span></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">The Company is also providing the updates:</p><ul class="caas-list caas-list-bullet" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; list-style-type: none; margin: 0px; padding-left: 1.538em;"><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">The Company is making progress in expanding its credit facilities with 2Shores Capital to support growth with its expanding Costco business.</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">The Company is holding its Annual General Meeting on July 29, 2022. These materials are available at: https://odysseytrust.com/client/simply/ OR <a class="link rapid-noclick-resp" data-rapid_p="19" data-ylk="slk:www.sedar.com" href="https://www.globenewswire.com/Tracker?data=I04-piKaMzhpOcG3B6VLmRu8tHeP4J0fSjcgI6tECQz0YQMUJkjlg1_T0p_rcNR6s353MNfeTSLrQM8XFMmCcA==" rel="nofollow noopener" style="background-color: transparent; color: #188fff; cursor: pointer; text-decoration-line: none;" target="_blank">www.sedar.com</a></p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">The Company has agreed with CFH to pause work on the potential acquisition due to its current share price and is looking for other ways to achieve some of the benefits identified with this acquisition. These may include a supply arrangement and joint R&D work on new products.<br /></p></li></ul><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">"As our strong first half results illustrate, we are positioned for sustainable and positive adjusted EBITDA growth in 2022 driven by our PureKana, TRUBAR, and No B.S. Skincare brands. Our strategic growth priorities remain to lead consumer-centric innovation and relentlessly acquire customers to these emerging brands by driving customer, category, channel and geographic expansion. In parallel, we look forward to integrating the recently completed acquisitions of BRN/Seventh Sense and Hervé into three growth verticals: plant-based wellness, food and beverage, and health & beauty. Our model to acquire and build emerging brands in the clean ingredient space is working. We now have all three of the core brands in growth mode of both distribution and channel." says SBBC CEO, Kathy Casey."</p><p>The chart below summarizes the financials and 2022 guidance the best we could given the information we had, taking mid-point of guidance for the full year:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9lxenGsr5fPhVlxtYdTTTr3aa1z7fhV7YlKOYiYcdur0csGzMjGX_RkPFeHF4FDgyfS1LqG2XktNrIj9MKAlriHvaUKntHFsWTTU2ROm3hNJ92pMYTIbwnQRa67wa-Rfs1DwHde-MglyVJVd2O2SfSDhPGAS-c5tpkPuZ0i41mzIkOHGz6tDbSXiR5A/s740/sbbc.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="328" data-original-width="740" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9lxenGsr5fPhVlxtYdTTTr3aa1z7fhV7YlKOYiYcdur0csGzMjGX_RkPFeHF4FDgyfS1LqG2XktNrIj9MKAlriHvaUKntHFsWTTU2ROm3hNJ92pMYTIbwnQRa67wa-Rfs1DwHde-MglyVJVd2O2SfSDhPGAS-c5tpkPuZ0i41mzIkOHGz6tDbSXiR5A/w400-h178/sbbc.jpg" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>As good as these numbers are, it's clear that the company is still underestimating its expected full year performance. When we compare the first half of 2022 to the expected second half, revenue would have to decline nearly 20% and gross margin nearly 8 basis points to meet mid-point of guidance. But if we look at 2021 numbers, the company does not have unfavorable seasonality. Q4 2021 was its best quarter in terms of margin and revenue growth, which makes sense as it was a stepping stone for Q1 2022. In addition, the aggressive channel expansion as highlighted in the 2022 Business Drivers section all starts in the second half. Perhaps getting into Costco and CVS will result in some gross margin pressures as large chains tend to squeeze the margins of the upstart brands. But there is no way that revenue will come in lower for the second half. Assuming revenue is merely flat to Q2, second half revenue will come in at $34 million. That's $63 million in annual revenue for 2022, with it likely being higher than that. </p><p>Adjusted EBITDA for Q1 was negative $900,000. The company is forecasting positive adjusted EBITDA for the full year, so that means there must be at least $1 million in positive EBITDA for the remaining nine months of the year. This indicates that the gross margin improvement is flowing to the bottom line. </p><p>The company has 30.6 million shares outstanding, so a $0.25 stock price leads to a market cap of less than $8 million. The financials are in U.S. Dollars, so $63 million in annual revenue translates to about $82 million Canadian. SBBC is trading at less than 0.1x its revenue. </p><p>There are health and wellness and similar type of consumer goods companies that do trade at similar low revenue multiples. For instance, NewAge, Inc. (NBEV) <a href="https://finance.yahoo.com/quote/NBEV/key-statistics?p=NBEV" target="_blank"><b>trades</b></a> at an enterprise value of approximately $60 million while having $440 million in trailing four quarters revenue as of Q3 2021. It also has gross margins in the 65-70% range. But there are mitigating factors for NBEV that is causing it to trade so cheaply. First, NBEV is delinquent in its financial filings. Second, after years of strong growth to the point of having a $440 million in annual revenue, it's still reporting negative EBITDA. At this time last year, it was trading at a $500 million enterprise value, or over 1x revenues. </p><p>Most of these type of healthy food, beverage and CBD-infused companies trade at a 1x to 1.5x revenue multiple. For instance, The Vita Coco Company, Inc. (COCO) - $600 million market cap - <a href="https://finance.yahoo.com/quote/COCO/key-statistics?p=COCO" target="_blank"><b>trades</b></a> at about 1.5x revenues and The Alkaline Water Company Inc. (WTER) - $60 million market cap - <a href="https://finance.yahoo.com/quote/WTER/key-statistics?p=WTER" target="_blank"><b>trades</b></a> at about 1x revenues. <b><u>If SBBC was to trade at 1x its revenues, the stock price would be over $2.50, or a 10x upside from here</u></b>. This would still be below the stock price that debtholders decided to accept shares for debt and merely be returning to the price levels seen as recently as late May. </p><p>A stock doesn't decline over 90% in two months because of a bear market. There is clearly some manipulation here and likely financial players are shorting the stock in order to try to force the company to do a financing at a low price. The short interest is not large at less than 200,000 shares. But for a company that seldom trades 200,000 shares in a day until today, that's actually pretty significant. The short interest increased 160,000 shares between June 15 and June 30, so most of the short interest occurred sub-$0.50, clearly an attempt to force the company into a tight spot. That also means short covering can take place quickly since shorts don't have a lot of room before they see red on their position.</p><p>With the increased guidance, the chances of the company needing cash to survive has decreased. Yes it's a startup and could always use more cash, but it's a startup in a surprisingly good shape from a cash flow perspective. Have a look at the Q1 cash flow statement:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIZvPkGmW07E9hbATJJ5KHccEvtsigM63hOHYQUy6M2qha9a_h70htqdU4I_je1RkDLwRmwS--tQYEuSTcl4g9kBrcynh9ls5RL1vTKLNDiPOChpPops5JEKaTjBGKT_f__hZKTdwjWn6fdzgeatHTo4GG5y2JsRCx3Ks_tly7PcOG2QgT5gK7TAmfYA/s833/sbbc2.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="725" data-original-width="833" height="558" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIZvPkGmW07E9hbATJJ5KHccEvtsigM63hOHYQUy6M2qha9a_h70htqdU4I_je1RkDLwRmwS--tQYEuSTcl4g9kBrcynh9ls5RL1vTKLNDiPOChpPops5JEKaTjBGKT_f__hZKTdwjWn6fdzgeatHTo4GG5y2JsRCx3Ks_tly7PcOG2QgT5gK7TAmfYA/w640-h558/sbbc2.jpg" width="640" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Despite the $3.3 million net loss and negative EBITDA, SBBC generated positive cash flow from operations of $500,000. The two major drivers in favor of the variance between cash flow and net income numbers are deferred revenue of $1.7 million and share-based payments of $1.1 million. Employees are willing to take share based comp in lieu of cash payments for their services. This is par for the course for most young companies. But the deferred revenue is unique. SBBC is getting upfront payments for revenue that will be earned in future quarters. As revenue growth remains strong, we can assume that this trend will only get bigger with time. Instead of using dilutive equity issuances, the company is taking advantage of friendly payment terms where cash is being received before product is being shipped and may have the option of using purchase order financing. Deferred revenue figures could likely surpass $5 million in upcoming quarters as revenue figures grow. This creates a liability until the company earns this revenue, but this also greatly strengthens its cash position in the near-term, which is exactly what this company needs to avoid dilution at sub-$1.00.</p><p>No dilution = short covering. Expect a violent increase in stock price at any time. The financials justify it.</p><p>Disclosure: We are long SBBC</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-66760383026950662682022-04-02T15:47:00.005-04:002022-04-02T15:49:41.857-04:00Rebuttal To John Kaiser's Podcast On Inomin <p>This post is a follow up to our previous one titled "<a href="https://nasdaqnewsreports.blogspot.com/2022/03/two-stocks-set-to-continue-their.html" target="_blank"><b>Two Stocks Set To Continue Their Massive Runs</b></a>". We are very bullish on <b>First Helium Inc. (FHELF) (HELI.V) </b>with a $2.00 fair value price and <b>Inomin Mines Inc. (MINE.V)</b> with a $1.40 fair value price. This update will focus purely on MINE after a podcast from mining industry veteran John Kaiser caused downward pressure on the stock on Friday. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 83 followers so far on here. We are up to 998 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a>.</p><p>The Kaiser video on MINE can be seen here, starting at 17:50:</p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/J0EmhBORJTo" width="320" youtube-src-id="J0EmhBORJTo"></iframe></div><br /><p>If he is not particularly impressed on the discovery by MINE at its Beaver project, that's fine. He is an experienced blogger and podcaster in the mining sector so he is allowed to share his opinion. But the stock didn't go down 29% on Friday because he wasn't impressed with the discovery. It went down 29% on Friday because he insinuated it was a fraud and spooked retail traders. He called it a pump and dump. He immediately walked that back to say it was a pump and dump hijacked by the market rather than management, because he knows he can get sued for an accusation like that. But he also stated that the market was misled by MINE's press release. So if there is any pump and dump perpetuated by market participants, it leads straight back to management as the source of the pump. He is accusing MINE management of fraud. </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiwnfp1x4CyyJ-E-2lxQHJ4QmCIWChSHS1SUkFccDUcvjNIZBdWzWgc5hYzgNyLqUsVQLDyB87jkeQHeyutB54VMqlPmFDx0BhHxm-QBkxX8PPUGNGngClB1PV6xXILxIfqt7Lp0vQHk_iPbeIidCeMRmVjnmWt9-0Si-p6h-gbVuPU5FM_H3BN57pgjg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="" data-original-height="240" data-original-width="437" height="176" src="https://blogger.googleusercontent.com/img/a/AVvXsEiwnfp1x4CyyJ-E-2lxQHJ4QmCIWChSHS1SUkFccDUcvjNIZBdWzWgc5hYzgNyLqUsVQLDyB87jkeQHeyutB54VMqlPmFDx0BhHxm-QBkxX8PPUGNGngClB1PV6xXILxIfqt7Lp0vQHk_iPbeIidCeMRmVjnmWt9-0Si-p6h-gbVuPU5FM_H3BN57pgjg" width="320" /></a></div><br /><br /><p></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Kaiser's hyperbole continued after his pump and dump statement, saying "this will not end well", presumably meaning for buyers of the stock. That we know is an outright lie he doesn't believe. Why? Because he was previously bullish on MINE due to the La Gitana project. At the start of the video he stated he was bullish as recently as this past November. The stock was around a $15 to $20 million market cap at the time of this podcast. If he likes the La Gitana project so much, certainly the company justifies this minuscule market cap even if he assigns no value to Beaver. This type of valuation is bottom basement for companies with any sort of positive near-term prospects. Below $10 million and we are getting into extremely speculative properties or shell territory. </p><p>Now let's get into why he called the stock a pump and dump. He took issue with the discovery being labelled a critical minerals discovery, calling it an extremely misleading way of presenting it. He stated the magnesium was typical for this kind of discovery and uneconomic to mine. The cobalt and chromium were of insignificant grades. While he did find value in the nickel, he stated that this would not be battery-grade material. What finally sent him over the edge was the mentioning of the collaboration between Inomin and Dr. Greg Dipple from UBC to assess the carbon sequestering ability of the magnesium, calling it egregious.</p><p>Kaiser's definition of critical minerals appears to be in lock-step with the clean energy movement. Rather than using his own definition of it, we should use that of the <a href="https://www.americangeosciences.org/critical-issues/critical-mineral-basics#:~:text=Critical%20minerals%20are%20mineral%20resources,was%20once%20a%20critical%20mineral." target="_blank"><b>American Geosciences Institute</b></a>:</p><p>"<i>Critical minerals are mineral resources that are essential to the economy and whose supply may be disrupted. The 'criticality' of a mineral changes with time as supply and society's needs shift. Table salt, for example, was once a critical mineral.</i>"</p><p>And <a href="https://www.nrcan.gc.ca/our-natural-resources/minerals-mining/critical-minerals/23414" target="_blank"><b>The Government of Canada</b></a>:</p><p>"<i>Canada is primed to capitalize on the rising global demand for critical minerals, driven in large part by their role in the transition to a low-carbon and digitized economy. Essential for renewable energy and clean technology applications (batteries, permanent magnets, solar panels and wind turbines), they are also required inputs for advanced manufacturing supply chains, including defence and security technologies, consumer electronics, agriculture, medical applications and critical infrastructure. Economies that quickly secure a position in shifting supply chains will be well situated for long-term economic growth and prosperity.</i>"</p><p>Critical minerals are definitely imperative to the clean energy transition. But in the purest definition, critical minerals are those critical for an economy. Energy transition is merely a subset of that economy. Kaiser tossed away the nickel discovery as useless for the battery metal industry, destined for the LME nickel ingot landfill where it will only be good for uses that existed prior to battery metals. Because, you know, ONLY nickel that's being used in batteries is facing demand and pricing pressures </s>.</p><p>Nowhere in the press release did MINE refer to clean energy nor did it make any claims that its nickel was good for battery metals. MINE's President John Gomez stated:</p><p>"<i>Our initial drilling program demonstrates Beaver's potential for hosting large volumes of nickel, as well as magnesium and chromium - all critical metals.</i>"</p><p>This statement is factually accurate as to what critical minerals are, as defined by the American Geosciences Institute. All three are on the list of 31 minerals defined as critical by the Government of Canada. There is no fraud or misleading statement. Kaiser's own misunderstanding of the term critical minerals and assuming the subset of battery metals/clean energy is encompassing 100% of this term is the actual problem here. He should issue a retraction and apology for this accusation.</p><p>Regarding cobalt and chromium. The company - by its own omission of cobalt in the above statement by Gomez - recognizes that the cobalt in the discovery really isn't significant. Regarding the chromium, Kaiser tried to downplay it by comparing the grades of a chromite-focused mine bought out a decade ago. This is a red herring. Just because a great mine featured chromium that was 100 times the grade in the Ring of Fire doesn't mean that Beaver's chromium at 1% of that grade is worthless. It's not a high grade. But let the market dictate whether that mineral has any recoverable value at the smelter. In a commodities supercycle amid rising prices, Kaiser's off-hand comment as part of a bigger argument to show intentional deceit has no value here. </p><p>Finally, we get to the magnesium. This seems to be the main source of Kaiser's pump and dump claims and where he conflates the terms critical minerals and clean energy. The closest thing the company makes to a clean energy claim was in the section near the end mentioning the collaboration with UBC. The company sent in the samples to Dr. Dipple for analysis and mentioned that mines with magnesium have the potential to be carbon neutral or negative due to its carbon sequestering ability. </p><p>Yes, this section does have typical TSX Venture penny stock language which pushes the most positive view possible, but it's clear that the company sent in its samples to find out IF its magnesium has this ability, not that it definitely or likely will. Kaiser mentioned that 98% of samples sent in from this type of discovery have minimal carbon sequestering ability. Well, that means that 2% of them do, and of the 98% that don't, there is still SOME minimal capturing ability. Even if it's not enough for carbon neutral operations, it's a good idea for the company to get an idea of the carbon footprint for environmental assessment and PEA purposes. Sending the sample in and mentioning doing so in the press release had legitimate business merits. It wasn't purely for a stock pump. </p><p>As for the term collaboration, everybody knows that this is typical penny stock terminology for some kind of paid relationship when it comes to partnering with universities. Whether that's through cash, or sometimes the researchers doing the work get stock or stock options and are brought on as advisors - and the company clearly mentions this alongside the collaboration news. Researchers don't work for free. Kaiser seemed to be really annoyed at this "egregious" presentation of the facts and decided to make a mountain out of a molehill. </p><p>As for the presentation of the magnesium itself. As Kaiser pointed out - magnesium isn't exactly in short supply nor is it expensive. But he's not the only one to know this. Despite the company putting the magnesium grades first in the headline, the nickel is what is the primary attraction here. Kaiser called the magnesium a typical "background" mineral discovery. That should be obvious by looking at the nearly straight-line identical grade of 22-23% across holes 2 through 5 all the way through. </p><p>In summary, the company was minorly promotional in its presentation of the magnesium and its "collaboration" aka paid service to the UBC. It was completely accurate in calling this a critical minerals discovery and the nickel resource discovery is fairly presented. It never made claims that the cobalt discovery was significant and whether the chromium grading at 0.33% is significant is a matter of opinion but not fraud when it is presented accurately. Kaiser also ignored the silver and copper in the first hole. This justifies additional value to the discovery but doesn't play into the fraud narrative so it was ignored. </p><p>Why did Kaiser present the discovery in the way he did? Well, that's anyone's guess but ours is that he sold as the stock moved up and is pissed off about it and wants back in at a lower level. He's also a shill for the brokers financing deals and we heard that here at the end of the podcast segment, basically implying that the company should be so lucky to fill a private placement at any price on this "pump" in order to fund the Mexican project. Maybe management is waiting for $1.00 or more because it knows the value it has? But cratering the stock price and trying to force management's hand on a secondary at a lower price really helps out the brokers. </p><p>The stock options issued at $0.375 is another sign that the company is genuinely excited about this discovery. If management thought this was a pump and dump, it would have waited a few weeks to issue those options as the stock would have significantly peeled back and TSX rules would let them set a lower price than $0.375. On the flip side, if management thought the discovery justified a much higher stock price, it would work quickly to get those stock options issued as soon as possible. Why? Because it's better to issue them at $0.375 then wait two weeks and maybe have to issue them at $1.00. We saw which direction management took. </p><p>Here would be a fair way Kaiser could have presented the MINE discovery without all the opinions and accusations of misleading the market:</p><p>"Hello, I am John Kaiser and you are asking me about MINE's recent discovery on the Beaver property. The preliminary results on the nickel suggests potential for a large sized, low grade find of 0.1% to 0.2%. I don't believe this nickel will be at the purity needed for batteries. The nickel is the primary source of value here. I don't find the chromium and cobalt to be of useful grades. Finally, the magnesium discovered is pretty typical for this type of rock formation and impossible to mine at this time. Magnesium is primarily sourced from brine. I think the stock is at a fair price given the market cap of $15 to $20 million. I would attribute that value to the La Gitana project in Mexico, while attributing minimal value to Beaver. Because the stock was so underpriced in the first place, shareholders will probably do fine here, but don't expect too much more upside from Beaver."</p><p>This type of statement would have gotten the point across that he doesn't like the discovery, without claiming fraudulent or underhanded activities performed by management. It wouldn't have been a bullish statement, but it also wouldn't have caused the stock to crater. Kaiser intentionally caused the stock to drop on claims of MINE misleading the market based on his own misunderstanding of the term critical minerals and his opinion - even if it's an educated opinion - that the magnesium and chromium didn't merit mention as significant. This is wrong and Kaiser, as a professional with a reputation, should be ashamed of himself. </p><p>Disclosure: We are long HELI.V, MINE.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-23489230642047490182022-03-29T19:00:00.014-04:002022-03-29T23:45:10.644-04:00Two Stocks Set To Continue Their Massive Runs<p>On March 23, we issued a <a href="https://nasdaqnewsreports.blogspot.com/2022/03/strong-buy-after-highly-profitable-light-oil-discovery.html" target="_blank"><b>bullish alert</b></a> on <b>First Helium Inc. (FHELF) (HELI.V)</b> with a $2.00 fair value price. The stock has since risen 26% from $0.58 to $0.73 in Canada, but remains a strong buy with further updates on its positive cash flow results and strong liquidity position. In addition to HELI, we are issuing a bullish alert on <b>Inomin Mines Inc. (MINE.V)</b>, which rose an incredible 257% to $0.375 today on a major critical mineral find. We are up to 997 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 80 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>First we will start with MINE. From <a href="https://finance.yahoo.com/news/inomin-makes-critical-minerals-discovery-111500726.html" target="_blank"><b>today's press release</b></a>:</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Vancouver, British Columbia--(Newsfile Corp. - March 29, 2022) - <span style="font-weight: 700;">Inomin Mines Inc. (TSXV: MINE</span><span style="font-weight: 700;">),</span> ("<span style="font-weight: 700;">Inomin"</span>, "<span style="font-weight: 700;">MINE</span>" or the "<span style="font-weight: 700;">Company</span>") reports significant new discoveries of nickel, magnesium, and chromium at the Company's Beaver nickel-cobalt property in south-central, British Columbia. Drill-hole B21-02 intersected <span style="font-weight: 700;">252.1 metres (m) grading 20.6% magnesium, 0.16% nickel, and 0.33% chromium. </span>B21-02 is the longest mineralized hole ever drilled at Beaver, and the first-ever drilling in the Spur zone, one of five large mineralized areas at the property. Hole B21-01 at Spur also made another first, discovering near-surface silver and copper, intersecting <span style="font-weight: 700;">649 g/t silver and 0.29% copper</span> over 3 metres, before the hole was terminated due to difficult ground drilling conditions. All holes ended in mineralization leaving the discoveries open to extension at depth.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;">Summary - 2021 Drilling on the Beaver Property</span></p><div class="caas-table" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; overflow: auto;"><table style="border-collapse: collapse; border-spacing: 0px; font-size: 0.7em; line-height: 1.2em; margin: 0px; width: 648.302px;"><tbody><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">Hole</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">From</span><br /><span style="font-weight: 700;">(m)</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">To</span><br /><span style="font-weight: 700;">(m)</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">Interval</span><br /><span style="font-weight: 700;">(m)</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">Nickel ppm</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">Cobalt ppm</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">Chromium</span><br /><span style="font-weight: 700;">ppm</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">Magnesium %</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 48.9167px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">Silver</span><br /><span style="font-weight: 700;">g/t</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 43.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">Copper ppm</span></p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">B21-01 <span style="font-size: 9.45263px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">1</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">56.69</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">59.74</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">3.05</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">797</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">129</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">569</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">7.1</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 48.9167px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">649</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 43.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">2867</span></p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">B21-02 <span style="font-size: 9.45263px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">2</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">40.54</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">292.61</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">252.07</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">1,648</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">99</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">3,276</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">20.6</span></p></td><td colspan="2" rowspan="13" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 93.0833px;"></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">including</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">62.00</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">250.55</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">188.54</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">1,823</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">106</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">3,365</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">22.1</span></p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">including</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">185.93</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">243.84</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">57.91</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">2,018</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">108</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">3,099</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">22.4</p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">B21-03 <span style="font-size: 9.45263px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">2</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">9.14</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">184.40</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">175.26</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">1,783</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">93</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">3,623</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">21.0</span></p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">including</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">24.38</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">47.24</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">22.86</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">1,962</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">94</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">2,810</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">22.9</p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">and</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">61.57</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">184.10</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">122.53</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">1,913</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">97</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">3,043</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">22.4</span></p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">including</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">74.98</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">108.51</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">33.53</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">2,008</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">98</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">2,884</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">23.1</p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">including</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">119.48</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">156.06</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">36.58</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">1,941</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">95</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">3,097</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">22.5</p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">B21-04 <span style="font-size: 9.45263px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">2</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">27.43</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">91.44</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">64.01</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">907</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">57</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">1,515</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">11.8</span></p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">including</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">30.18</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">38.10</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">7.92</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">1,555</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">111</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">3,570</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">21.6</p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">and</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">72.85</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">91.44</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">18.59</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">1,923</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">111</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">2,897</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">23.6</p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">B21-05 <span style="font-size: 9.45263px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">2</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">21.34</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">100.58</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">79.25</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">1,419</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">98</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">3,401</span></p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">19.3</span></p></td></tr><tr><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">including</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.5104px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">21.34</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 68.4479px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">43.59</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 70.5729px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">22.25</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 66.8021px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">2,021</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 67.5208px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">108</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 75.875px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">2,601</p></td><td style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px; width: 78.1667px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;">23.4</p></td></tr><tr><td colspan="10" style="border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px; padding: 0px;"><p style="font-size: 1.385em; line-height: 1.8; margin: 0px;"><span style="font-weight: 700;">Note</span>: Entire mineralized zone average.</p></td></tr></tbody></table></div><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Table 1: Drill Summary (No attempt was made to correct for true thickness)<br />Notes:<br /><span style="font-size: 13.5037px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">1</span> Drill hole terminated due to ground conditions.<br /><span style="font-size: 13.5037px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">2</span> Entire mineralized zone average.</p><div class="caas-da" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px;"><div id="sda-INARTICLE"></div></div><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">The 2021 drilling program, consisting of 5 holes (716 m), successfully tested mineralization over a<span style="font-weight: 700;"> strike length of 5.7 kilometres.</span> Drilling confirmed the presence of significant, near-surface, polymetallic mineralization over the tested strike length, and discovered mineralization in untested areas of the property. Drilling in the Spur and North Lobe zones, the focus of the 2021 drilling, intersected <span style="font-weight: 700;">long intervals of favourable mineralization up to 252 metres in thickness</span>, open to expansion in all directions. All drillholes ended in mineralization.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">John Gomez, President of MINE states, "Our initial drilling program demonstrates Beaver's potential for hosting large volumes of nickel, as well as magnesium and chromium - all critical metals. Finding significant magnesium and chromium in new areas of the property is a tremendous discovery that adds considerable more value to the project."</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">A ground magnetics program on the Lynx block of the Beaver property, started in early February, has been concluded and results are pending. The magnetics program was implemented to delineate targets for the next phase of drilling in this previously untested area.</p><figure class="caas-figure" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; margin: 0px 0px 1em;"><div class="caas-figure-with-pb" style="max-height: 730px; overflow-y: hidden;"><div class="caas-img-container" style="overflow: hidden; padding-bottom: 862.24px; position: relative;"><a class="link" data-rapid_p="23" data-v9y="1" data-ylk="" href="https://orders.newsfilecorp.com/files/3069/118431_197d2c89145d8b5b_001full.jpg" rel="nofollow" style="background-color: transparent; color: #188fff; cursor: pointer; text-decoration-line: none;" title=""><img alt="" class="caas-img caas-lazy caas-loaded" data-caas-lazy-loading-init="1" loading="lazy" src="https://s.yimg.com/ny/api/res/1.2/rTrMPVsYjDA39FKLd8asZg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTEyNzQ7Y2Y9d2VicA--/https://s.yimg.com/uu/api/res/1.2/L0Nkk9DDh_uM.UnktPLQsw--~B/aD03MzA7dz01NTA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/newsfile_64/0ad8fda7bce3192bca8810f0417b68ca" style="animation: 0.1s ease 0s 1 normal none running fade; border-radius: 8px; border: none; height: auto; image-rendering: -webkit-optimize-contrast; left: 324.146px; max-width: 100%; min-height: 1px; min-width: 1px; position: absolute; top: 0px; transform: translate(-50%); vertical-align: bottom;" /></a></div></div></figure><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><br /><br /></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Figure 1: Drillhole Location Map (TF Magnetics Background)</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">To view an enhanced version of Figure 1, please visit:<br /><a class="link" data-rapid_p="24" data-v9y="0" data-ylk="slk:https://orders.newsfilecorp.com/files/3069/118431_197d2c89145d8b5b_001full.jpg" href="https://orders.newsfilecorp.com/files/3069/118431_197d2c89145d8b5b_001full.jpg" rel="nofollow noopener" style="background-color: transparent; color: #188fff; cursor: pointer; text-decoration-line: none;" target="_blank">https://orders.newsfilecorp.com/files/3069/118431_197d2c89145d8b5b_001full.jpg</a></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;">Laboratory Analysis of Samples</span></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">SGS Minerals Services of Burnaby, BC was chosen to analyze the core samples. Samples were dried, crushed, split, and pulverized prior to analyses. Multi-element analyses was completed using SGS's GE-ICP90A50 method which is a 29 element package using a sodium peroxide digestion with an ICP-AES finish. This package was chosen specifically to discriminate sulphide nickel from silicate nickels generally found in olivines.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;">Collaboration with University of British Columbia</span></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Select magnesium-rich samples from the drilling program will be analyzed at the University of British Columbia (UBC). Led by award-winning professor Dr. Greg Dipple, UBC researchers have demonstrated that magnesium captures carbon dioxide (CO<span style="bottom: -0.25em; font-size: 13.5037px; line-height: 0; position: relative; vertical-align: baseline;">2</span>) from the air in tailings of ultramafic nickel, diamonds, and PGEs deposits.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Magnesium is a key mineral for carbon capture as it naturally sequesters CO<span style="bottom: -0.25em; font-size: 13.5037px; line-height: 0; position: relative; vertical-align: baseline;">2</span>. In tailings magnesium reacts with CO<span style="bottom: -0.25em; font-size: 13.5037px; line-height: 0; position: relative; vertical-align: baseline;">2</span> removing it from the atmosphere, converting it into a safe, solid form that is stable for thousands of years. Depending on the amount of carbon dioxide sequestered, it is technically possible for mines to be carbon neutral or even negative in terms of CO<span style="bottom: -0.25em; font-size: 13.5037px; line-height: 0; position: relative; vertical-align: baseline;">2</span> emissions.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Inomin is pleased to be working with UBC to support their leading carbon mineralization research and advancement of carbon capture technology. Carbonization technology could have a substantial impact to decrease carbon emissions and assist companies and governments reduce their CO<span style="bottom: -0.25em; font-size: 13.5037px; line-height: 0; position: relative; vertical-align: baseline;">2</span> footprints to fight climate change.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;">About the Beaver-Lynx project</span></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Inomin's 100% owned Beaver-Lynx project, approximately 20,000 hectares in size, is located 15 - 25 kilometres east and southeast respectively of Taseko Mines Ltd.'s Gibraltar Mine in British Columbia's Cariboo Region. Initial exploration and metallurgical studies at Beaver in 2013 - 2014, including geophysical surveys and diamond drilling programs, demonstrated the property's potential to host <span style="font-weight: 700;">large volumes of near-surface, Class 1 sulphide nickel and cobalt, amenable to conventional extraction methods</span>.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">The Lynx area is geologically similar to Beaver with even larger prospective target areas. RGS (regional stream sediment) data collected by the Province of British Columbia illustrates the existence of a large <span style="font-weight: 700;">10 x 5 kilometre nickel anomaly</span> at Lynx. An airborne magnetics survey delineated an 8 kilometre-wide ring-like magnetic anomaly and several strong magnetic anomalies - all greater than 2 kilometres in length. The Lynx property shows potential for multiple, large, bulk-tonnage nickel deposits.</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">The Beaver-Lynx project is situated in relatively flat terrain and easily accessible via all-season roads, as well as a network of forestry roads providing access to most of the property. Other important nearby infrastructure includes electricity (hydro-power) and railroad. Skilled workers, contractors, and supplies are available locally from the city of Williams Lake situated about 20 kilometres south of Lynx.</p><p>The company struck significant mineralization in all five drill holes. This is particularly important because of the sheer distance between these holes of 5.7 kilometers, suggesting an absolutely massive resource on the company's British Columbia-based property. </p><p>The major find is coupled with the fact that there are only 29.3 million shares outstanding. Including warrants and options, the fully diluted share count is 34.5 million. The combination of big find plus low float is what led to the 257% increase. </p><p>One could say that this is already a major lift in stock price and that buying now would be chasing high. We don't agree with this conclusion. At $0.375, the stock only has a market cap (fully diluted) of $13 million. Yes, it increased 257% in one day, but it ONLY increased $9 million in market cap on this tremendous news. Companies with larger floats have increased far greater in market cap on lesser results than this. The percentage increase actually helps new shareholders get in cheaply, because the buying is tempered while selling is induced purely because of it. Some people will be turned off by this major percentage gain and avoid buying it while others will take their profits and sell. The actual increase in market cap should be what an investor uses to base their buy or sell decision. That's not what had happened today so the stock is actually undervalued. </p><p>With this result, we think a $50 million market cap is a reasonable valuation based on the potential size of this discovery and how many critical metal peers trade around this range for comparable or lesser drill successes. That is approximately a $1.40 fair value price for the stock, leaving plenty of upside. We expect a steady stream of buying in the coming days as 1. The news gets more widely disseminated 2. Those who are fearful of chasing a stock up 257% in a day gain more confidence and buy in once they see a steady base form in the stock at $0.35 and higher. 3. That 257% gain resets to 0% tomorrow and investors new to the story will be less hesitant psychologically because they no longer see that big percentage gain number. 4. People start to analyze the small float relative to the large discovery and understand that it's fundamentally undervalued at a $13 million market cap. </p><p>Next, HELI. In addition to our first alert here, we issued a <a href="https://value-trades.blogspot.com/2022/03/the-best-oil-stock-in-canada.html" target="_blank"><b>follow up alert on our ValueTrades blog</b></a> over the weekend:</p><div class="post-body entry-content" id="post-body-1260327806273005133" itemprop="description articleBody" style="background-color: white; color: #222222; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; line-height: 1.4; position: relative; width: 690px;"><p>From First Helium's <a href="https://finance.yahoo.com/news/first-helium-announces-4-29-100000213.html" style="color: #5421bb; text-decoration-line: none;" target="_blank"><b>press release</b></a> this past week:</p><p style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;">Significant Additional Production Revenue Anticipated in Q2/2022</span></p><p style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span class="xn-location">CALGARY, AB</span>, <span class="xn-chron">March 23, 2022</span> /CNW/ - <span style="font-weight: 700;">First Helium Inc. ("First Helium" or the "Company") </span>(TSXV: HELI) (OTC: FHELF) (FRA: 2MC), today announced that it has drilled, completed and tested the Company's second exploration well on the Company's Worsley Property (the <span style="font-weight: 700;">"4-29"</span>). Upon completion of well operations, the 4-29 well flowed 467 barrels per day ("bbl/d") of ~35 -degree API light oil from the Leduc Formation, representing an oil cut of 67% over a test period of 48 hours on a minimal drawdown. First Helium is preparing to bring the 4-29 well into production in early Q2 2022.</p><ul class="caas-list caas-list-bullet" style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; line-height: 1.4; list-style-type: none; margin: 0px; padding: 0px 2.5em 0px 1.538em;"><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Preparations are underway to perform a minor expansion at the Company's existing oil facility to put the 4-29 well into production, with first cash flow expected by mid-second quarter of 2022;</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Oil production from the well will be transported by truck to select receipt terminals and marketed via third-party marketing agreements; and</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Cash flow from the well will be deployed to accelerate the exploration and development of helium gas over the Company's 79,000 acres of land along the Worsley Trend as well as cover ongoing corporate costs.</p></li></ul><div class="caas-da" style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; margin: 0px 0px 10px; text-align: center;"><div id="defaultINARTICLE"></div></div><p style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;"><i>Management Commentary</i></span></p><p style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span class="xn-person">Ed Bereznicki</span>, President & CEO of First Helium stated, "We are extremely pleased with the performance of our second discovery well, the 4-29. Given current commodity pricing of approximately WTI <span class="xn-money">US$85</span> to <span class="xn-money">US$90</span> per barrel, and our estimated field netbacks of CA$82 to CA$88 per barrel, we expect the well to pay out in approximately 4-6 months." Mr. Bereznicki added, "Based on the current implied production trading multiples for Canadian light oil producers, this well represents a significant potential increase in asset value for First Helium shareholders. Capturing the aggregate value of this exceptional exploration success, along with potential development locations will enhance the Company's ability to deliver on its key strategic objective of exploring for and developing helium production in the Worsley Trend."</p><p style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span class="xn-person">David Safton</span>, Vice President, Geoscience commented, "The results of the 4-29 well provide additional confirmation of our geologic model over the prolific Worsley Trend and bolsters our confidence in our exploration strategy for the region. Our estimate that approximately 20% of <span class="xn-location">Leduc</span> wells along the Worsley Trend present as oil wells, and 80% as gas wells with a high probability of potential helium content, highlights the Worsley Trend as a very attractive helium exploration area."</p><p style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;"><i>4-29 Highlights</i></span></p><p style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Drilled based on a detailed 3D seismic evaluation, the 4-29 confirms the Company's geologic model over the area; based on the Company's assessment of economic <span class="xn-location">Leduc</span> wells along the Worsley Trend, approximately 20% have been light oil producers, the balance have been natural gas producers. Key features of the 4-29 include:</p><ul class="caas-list caas-list-bullet" style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; line-height: 1.4; list-style-type: none; margin: 0px; padding: 0px 2.5em 0px 1.538em;"><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Production tested at 467 barrels per day of ~35-degree API light oil, flowed over a period of 48 hours, representing an oil component of 67%, and a water component of 33% following recovery of completion fluids, with minimal drawdown;</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">At a total drill and complete cost of approximately CA$2.2 million, production test results for the 4-29 suggest that it is an exceptional vertical oil well in the WCSB;</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">The 4-29 will provide the Company with flexibility in securing funding to continue with its primary strategic objective which is to explore and develop its landholdings on the helium rich Worsley Trend; and</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">The Company intends to engage its independent reserve engineering consultant to evaluate the 4-29, along with the Company's first discovery, the 1-30 well, for inclusion in year-end corporate contingent resource and reserve estimates in accordance with 51-101 guidelines. This would include an independent estimate of the net present value of the reserves associated with the 4-29 and 1-30 wells, respectively.</p></li></ul><p style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;"><i>Next Steps</i></span></p><p style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Based on a further evaluation of these exploration results, First Helium will be confirming its drilling program at <span class="xn-location">Worsley</span> for Q2 and Q3 2022, which will include:</p><ul class="caas-list caas-list-bullet" style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; line-height: 1.4; list-style-type: none; margin: 0px; padding: 0px 2.5em 0px 1.538em;"><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Prioritizing its drill prospect inventory for helium, favoring locations which may also provide exposure to the potential for light oil accumulations;</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Selecting its next helium drill location and commencing drilling in late Q2 or early Q3 2022;</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Evaluating a number of lower cost well bore re-entries on the existing <span class="xn-location">Worsley</span> land base; and</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc; margin: 0px 0px 0.25em; padding: 0px;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Evaluating further potential light oil development locations in the vicinity of both the 4-29 and 1-30 wells in connection with exploring alternatives to monetize their collective asset value.</p></li></ul><p style="color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Over Q2 and Q3 2022, the Company will evaluate alternatives for monetizing the intrinsic asset value of both 4-29 and 1-30 to further its strategic helium exploration and development objectives. This may include entering into hedging arrangements to guarantee predictable levels of cash flow for ongoing project development and the possible underpinning of helium gas processing facility financing alternatives.</p><p>This 467 barrels of oil per day figure adds to the company's 1-30 oil well currently in production. That well <a href="https://finance.yahoo.com/news/first-helium-1-30-oil-140000996.html" style="color: #5421bb; text-decoration-line: none;" target="_blank"><b>produces 430 barrels per day</b></a> and the company expects to receive $1.2 million CAD in late March for February's production. As the 4-29 discovery is expected to come online by mid-2022, this monthly revenue can be expected to double. At an estimated $85 per barrel netback, the 4-29 discovery has a payback period of only four to six months. The 1-30 well had a payback period of less than two months. </p><p>This added cash flow will enable the company to aggressively drill for helium as well as additional oil targets. This is where investors can win in two ways. First, the cash flow generated from these two discoveries post-payback period will be around $2.5 million CAD per month, or $30 million CAD per year. At $0.67, the entire market cap for HELI is $44 million. This is a significant undervaluation compared to other Canadian light oil producers. Second, with the increased cash flow enabling aggressive drilling, the company should increase on added hype and news of more discoveries. </p><p>The HELI team is obviously very effective at finding and developing resource discoveries on an active property. There are approximately 66 million shares outstanding and 100 million fully diluted after exercise of all warrants and options. We think this stock has a fair value of $2.00 CAD, resulting in a market cap of $200 million. This would be 6.6x of cash flows from the two current discoveries while giving no value to any future discoveries. After all, this company is called First HELIUM, not First Oil. The company already has a 3x upside before we even start talking about helium. </p><p>We aren't the only ones who have concluded that $2.00 is a fair valuation for HELI. Cormark Securities have increased their target on the stock from $0.65 to $2.00 as well. The <a href="https://twitter.com/airic101/status/1507358354208792577" style="color: #5421bb; text-decoration-line: none;" target="_blank"><b>source of this report</b></a> is from the Twitter user @airic101. Cormark estimates that there will be $20 million in annualized cash flow from the two discoveries. Less than our estimate, but the conclusion is the same that this cash flow will be used as a non-dilutive source of funding for the Helium exploration plan. </p><p><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZQ948Eo-ttRT-fPmaXOHJXuDszOVnY2wJwo2bCwq3BfDa5G8wWonjcNf2hhrukWDXhWOQYFqUYFd3KzsR4jZwgwUUywCFPXykhycyEiNaPsseacpSyPzfpN77oqhiJPByh_ZZnFKleUJUO6S_GdndtryCqlvVMf4VpT8Ysg07ql8V2vdjUMBVvu6ixQ/s1065/heli.jpg" style="color: #5421bb; margin-left: 1em; margin-right: 1em; text-decoration-line: none;"><img border="0" data-original-height="1065" data-original-width="833" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZQ948Eo-ttRT-fPmaXOHJXuDszOVnY2wJwo2bCwq3BfDa5G8wWonjcNf2hhrukWDXhWOQYFqUYFd3KzsR4jZwgwUUywCFPXykhycyEiNaPsseacpSyPzfpN77oqhiJPByh_ZZnFKleUJUO6S_GdndtryCqlvVMf4VpT8Ysg07ql8V2vdjUMBVvu6ixQ/w500-h640/heli.jpg" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.1) 1px 1px 5px; padding: 5px; position: relative;" width="500" /></a></div><p><br /></p></div><p>The company followed this up with <a href="https://finance.yahoo.com/news/first-helium-bolsters-financial-position-100000429.html" target="_blank"><b>another press release this morning</b></a>, confirming the receipt of $1.25 million in cash for February's oil production from the 1-30 well and the strong cash position from the exercise of warrants. We think the stock pulled back from the $0.80's today because people were reminded of the warrants being exercised at low prices which will add to dilution and selling pressure. But we also think that will soon dissipate and the stock will trend back upwards over $1.00 shortly. It's fundamentally undervalued and the strong cash position points to the high likelihood that no further dilution or financing will take place outside of existing remaining warrants and options. </p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span class="legendSpanClass">CALGARY, AB</span>, <span class="legendSpanClass">March 29, 2022</span> /CNW/ - <span style="font-weight: 700;">First Helium Inc. ("First Helium" or the "Company") </span>(TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced a significant positive change to the Company's balance sheet based on ongoing payments from light oil production and cash proceeds from the exercise of previously issued warrants.</p><figure class="caas-figure" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; margin-block: 0px; margin-inline: 0px; margin: 0px 0px 1em;"><div class="caas-figure-with-pb" style="max-height: 374px; overflow-y: hidden;"><div class="caas-img-container" style="overflow: hidden; padding-bottom: 545.948px; position: relative;"><span style="font-size: 1.385em;">Strong revenues continue through the receipt of payments of</span><span style="font-size: 1.385em;"> </span><span class="xn-money" style="font-size: 1.385em;">$1.25 million</span><span style="font-size: 1.385em;"> </span><span style="font-size: 1.385em;">for light oil volumes delivered during February from the</span><span style="font-size: 1.385em;"> </span><span style="font-size: 1.385em; font-weight: 700;">"1-30"</span><span style="font-size: 1.385em;"> </span><span style="font-size: 1.385em;">well which is located on First Helium's 100% owned, 79,000 acre Worsley landholdings in</span><span style="font-size: 1.385em;"> </span><span class="xn-location" style="font-size: 1.385em;">Northern Alberta</span><span style="font-size: 1.385em;">, Canada. The 1-30 well was brought on-stream on</span><span style="font-size: 1.385em;"> </span><span class="xn-chron" style="font-size: 1.385em;">January 23, 2022</span><span style="font-size: 1.385em;">, and produced an average of approximately 430 barrels per day ("bbls/d") of light oil during the month of February. The Company also recently announced the successful drilling, completion and testing of its 4-29 light oil discovery well and estimates that it will receive payment in April of approximately</span><span style="font-size: 1.385em;"> </span><span class="xn-money" style="font-size: 1.385em;">$100,000</span><span style="font-size: 1.385em;"> </span><span style="font-size: 1.385em;">for volumes of oil produced during the testing operations. </span><span style="font-size: 1.385em;">In addition, during the month of March First Helium has received proceeds of approximately</span><span style="font-size: 1.385em;"> </span><span class="xn-money" style="font-size: 1.385em;">$1,490,500</span><span style="font-size: 1.385em;"> </span><span style="font-size: 1.385em;">from the exercise of 2,981,082 warrants with a strike price of</span><span style="font-size: 1.385em;"> </span><span class="xn-money" style="font-size: 1.385em;">$0.50</span><span style="font-size: 1.385em;"> </span><span style="font-size: 1.385em;">and approximately</span><span style="font-size: 1.385em;"> </span><span class="xn-money" style="font-size: 1.385em;">$359,000</span><span style="font-size: 1.385em;"> </span><span style="font-size: 1.385em;">from the recent exercise of 1,025,812 broker warrants with a strike price of</span><span style="font-size: 1.385em;"> </span><span class="xn-money" style="font-size: 1.385em;">$0.35</span><span style="font-size: 1.385em;">. Also, in an effort to broaden its potential investor base, First Helium's common shares began trading in the U.S.; its listing was upgraded to the OTCQB on</span><span style="font-size: 1.385em;"> </span><span class="xn-chron" style="font-size: 1.385em;">March 14, 2022</span><span style="font-size: 1.385em;">, under ticker "FHELF".</span></div></div></figure><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">"The 1-30 well continues to perform very strongly and we look forward to bringing the 4-29 well on stream next month," said <span class="xn-person">Ed Bereznicki</span>, President & CEO of First Helium. "Total cash proceeds of approximately <span class="xn-money">$3.2 million</span> from the early exercise of warrants along with cash flow from the two wells will be deployed to help support ongoing helium exploration activities at our Worsley Property and our Southern Alberta Helium Fairway exploration land," added Mr. Bereznicki.</p><p>Disclosure: We are long HELI.V, MINE.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-91747605199610395472022-03-23T14:47:00.005-04:002022-03-23T14:50:14.752-04:00First Helium: Strong Buy After Highly Profitable Light Oil Discovery<p>The price of oil has shot up to around $115 per barrel on the Russian-Ukrainian conflict and general inflationary effects occurring in the global economy. Oil stocks have been great performers, but a lot of them have already run heavily with high oil prices baked in to near-term financial expectations. There are a few undiscovered and undervalued gems remaining and that's where we think the big money can still be made. One such company is <b>First Helium Inc. (FHELF) (HELI.V)</b> which announced a highly profitable light oil discovery today, building on prior discoveries. We are up to 990 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 79 followers so far on here. You can also follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>From today's <a href="https://finance.yahoo.com/news/first-helium-announces-4-29-100000213.html" target="_blank"><b>press release</b></a>:</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;">Significant Additional Production Revenue Anticipated in Q2/2022</span></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span class="xn-location">CALGARY, AB</span>, <span class="xn-chron">March 23, 2022</span> /CNW/ - <span style="font-weight: 700;">First Helium Inc. ("First Helium" or the "Company") </span>(TSXV: HELI) (OTC: FHELF) (FRA: 2MC), today announced that it has drilled, completed and tested the Company's second exploration well on the Company's Worsley Property (the <span style="font-weight: 700;">"4-29"</span>). Upon completion of well operations, the 4-29 well flowed 467 barrels per day ("bbl/d") of ~35 -degree API light oil from the Leduc Formation, representing an oil cut of 67% over a test period of 48 hours on a minimal drawdown. First Helium is preparing to bring the 4-29 well into production in early Q2 2022.</p><ul class="caas-list caas-list-bullet" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; list-style-type: none; margin: 0px; padding-left: 1.538em;"><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Preparations are underway to perform a minor expansion at the Company's existing oil facility to put the 4-29 well into production, with first cash flow expected by mid-second quarter of 2022;</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Oil production from the well will be transported by truck to select receipt terminals and marketed via third-party marketing agreements; and</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Cash flow from the well will be deployed to accelerate the exploration and development of helium gas over the Company's 79,000 acres of land along the Worsley Trend as well as cover ongoing corporate costs.</p></li></ul><div class="caas-da" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; margin: 0px 0px 10px; text-align: center;"><div id="defaultINARTICLE"></div></div><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;"><i>Management Commentary</i></span></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span class="xn-person">Ed Bereznicki</span>, President & CEO of First Helium stated, "We are extremely pleased with the performance of our second discovery well, the 4-29. Given current commodity pricing of approximately WTI <span class="xn-money">US$85</span> to <span class="xn-money">US$90</span> per barrel, and our estimated field netbacks of CA$82 to CA$88 per barrel, we expect the well to pay out in approximately 4-6 months." Mr. Bereznicki added, "Based on the current implied production trading multiples for Canadian light oil producers, this well represents a significant potential increase in asset value for First Helium shareholders. Capturing the aggregate value of this exceptional exploration success, along with potential development locations will enhance the Company's ability to deliver on its key strategic objective of exploring for and developing helium production in the Worsley Trend."</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span class="xn-person">David Safton</span>, Vice President, Geoscience commented, "The results of the 4-29 well provide additional confirmation of our geologic model over the prolific Worsley Trend and bolsters our confidence in our exploration strategy for the region. Our estimate that approximately 20% of <span class="xn-location">Leduc</span> wells along the Worsley Trend present as oil wells, and 80% as gas wells with a high probability of potential helium content, highlights the Worsley Trend as a very attractive helium exploration area."</p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;"><i>4-29 Highlights</i></span></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Drilled based on a detailed 3D seismic evaluation, the 4-29 confirms the Company's geologic model over the area; based on the Company's assessment of economic <span class="xn-location">Leduc</span> wells along the Worsley Trend, approximately 20% have been light oil producers, the balance have been natural gas producers. Key features of the 4-29 include:</p><ul class="caas-list caas-list-bullet" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; list-style-type: none; margin: 0px; padding-left: 1.538em;"><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Production tested at 467 barrels per day of ~35-degree API light oil, flowed over a period of 48 hours, representing an oil component of 67%, and a water component of 33% following recovery of completion fluids, with minimal drawdown;</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">At a total drill and complete cost of approximately CA$2.2 million, production test results for the 4-29 suggest that it is an exceptional vertical oil well in the WCSB;</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">The 4-29 will provide the Company with flexibility in securing funding to continue with its primary strategic objective which is to explore and develop its landholdings on the helium rich Worsley Trend; and</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">The Company intends to engage its independent reserve engineering consultant to evaluate the 4-29, along with the Company's first discovery, the 1-30 well, for inclusion in year-end corporate contingent resource and reserve estimates in accordance with 51-101 guidelines. This would include an independent estimate of the net present value of the reserves associated with the 4-29 and 1-30 wells, respectively.</p></li></ul><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;"><span style="font-weight: 700;"><i>Next Steps</i></span></p><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Based on a further evaluation of these exploration results, First Helium will be confirming its drilling program at <span class="xn-location">Worsley</span> for Q2 and Q3 2022, which will include:</p><ul class="caas-list caas-list-bullet" style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 13px; list-style-type: none; margin: 0px; padding-left: 1.538em;"><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Prioritizing its drill prospect inventory for helium, favoring locations which may also provide exposure to the potential for light oil accumulations;</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Selecting its next helium drill location and commencing drilling in late Q2 or early Q3 2022;</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Evaluating a number of lower cost well bore re-entries on the existing <span class="xn-location">Worsley</span> land base; and</p></li><li style="font-size: 1.385em; line-height: 1.8; list-style-type: disc;"><p style="font-size: 1em; line-height: 1.8; margin: 0px 0px 0.8em; vertical-align: top;">Evaluating further potential light oil development locations in the vicinity of both the 4-29 and 1-30 wells in connection with exploring alternatives to monetize their collective asset value.</p></li></ul><p style="background-color: white; color: #1d2228; font-family: "Yahoo Sans", YahooSans, "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 1.385em; line-height: 1.8; margin: 0px 0px 0.8em;">Over Q2 and Q3 2022, the Company will evaluate alternatives for monetizing the intrinsic asset value of both 4-29 and 1-30 to further its strategic helium exploration and development objectives. This may include entering into hedging arrangements to guarantee predictable levels of cash flow for ongoing project development and the possible underpinning of helium gas processing facility financing alternatives.</p><p>This 467 barrels of oil per day figure adds to the company's 1-30 oil well currently in production. That well <a href="https://finance.yahoo.com/news/first-helium-1-30-oil-140000996.html" target="_blank"><b>produces 430 barrels per day</b></a> and the company expects to receive $1.2 million CAD in late March for February's production. As the 4-29 discovery is expected to come online by mid-2022, this monthly revenue can be expected to double. At an estimated $85 per barrel netback, the 4-29 discovery has a payback period of only four to six months. The 1-30 well had a payback period of less than two months. </p><p>This added cash flow will enable the company to aggressively drill for helium as well as additional oil targets. This is where investors can win in two ways. First, the cash flow generated from these two discoveries post-payback period will be around $2.5 million CAD per month, or $30 million CAD per year. At $0.58, the entire market cap for HELI is $38 million. This is a significant undervaluation compared to other Canadian light oil producers. Second, with the increased cash flow enabling aggressive drilling, the company should increase on added hype and news of more discoveries. </p><p>The HELI team is obviously very effective at finding and developing resource discoveries on an active property. There are approximately 66 million shares outstanding and 100 million fully diluted after exercise of all warrants and options. We think this stock has a fair value of $2.00 CAD, resulting in a market cap of $200 million. This would be 6.6x of cash flows from the two current discoveries while giving no value to any future discoveries. After all, this company is called First HELIUM, not First Oil. The company already has a 3-4x upside before we even start talking about helium. </p><p>Disclosure: We are long HELI.V</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-87808593904989105162022-01-01T14:50:00.007-05:002022-01-01T14:58:54.416-05:00Trilogy International Underpriced After Buyout Of One Of Its Subsidiaries<p>It's been a while since <a href="https://nasdaqnewsreports.blogspot.com/2021/09/big-money-interest.html" target="_blank"><b>our last alert</b></a> came back in September on <b>Colonial Coal International Corp. (CAD.V) (CCARF)</b>. The stock has doubled since that time. We think our next pick also has strong bullish potential after a significant buyout deal for one of its subsidiaries was announced. We are up to 984 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 75 followers so far on here. You can follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p><b>Trilogy International Partners Inc. (TRL.TO) (TLLYF)</b> rose 29% in Canada on Friday after it <a href="https://finance.yahoo.com/news/trilogy-international-partners-inc-announces-060000672.html" target="_blank"><b>announced the sale</b></a> of its New Zealand subsidiary. It traded over 1.2 million shares, which is unusually high volume for it. From the press release:</p><p><i>"BELLEVUE, WA / ACCESSWIRE / December 31, 2021 / Trilogy International Partners Inc. ("Trilogy" or "TIP Inc.") (TSX:TRL), an international wireless and fixed broadband telecommunications operator, and its minority partner Tesbrit BV, today announced that they have entered into a definitive agreement to sell 100% of their equity in Two Degrees Group Limited ("2degrees") to Voyage Digital (NZ) Limited ("Voyage"), a joint venture between Macquarie Asset Management and Aware Super as owners of Vocus Group Limited. <b><u>Trilogy owns 73.17% of the equity in 2degrees</u></b>. It first announced discussions with Macquarie Asset Management and Aware Super and a potential merger of 2degrees with Orcon Group in October 2021.</i></p><p><i><b><u>The implied enterprise value of 2degrees equates to NZ$1.70 Bn</u></b> (including lease liabilities). This represents an EV/EBITDA multiple of 8.9x based on last twelve months of New Zealand Segment Adjusted EBITDA at September 30, 2021 on a US-GAAP basis and using an implied enterprise value of NZ$1.58 Bn excluding lease liabilities. <b>On a cash free debt free basis, the purchase price for 100% of 2degrees shares (including employee options that will convert into shares in connection with the sale) represents an equity value of NZ$1.315 Bn,</b> subject to potential adjustments at closing for specific costs or payments by 2degrees between signing and closing.</i></p><p><i>"Over the past several months we have been focused on strategic initiatives to maximize value for our stakeholders. This transaction crystalizes value for Trilogy shareholders at a valuation which reflects the remarkable accomplishments of our team in New Zealand and runway for future growth," said Brad Horwitz, President and CEO of Trilogy.</i></p><p><i>The transaction is subject to required regulatory approvals and the approval of Trilogy's shareholders.</i></p><p><i>Trilogy anticipates that closing will take place in the first half of 2022."</i></p><p>This deal is valued at $1.7 billion NZD, inclusive of debt and $1.3 billion NZD excluding the cash and debt portion. As Trilogy owns a majority stake and therefore accounts for the assets and liabilities of 2degrees on its balance sheet, it makes the most sense to use the $1.7 billion figure as those assets and liabilities will be expunged with the sale. </p><p>The $1.7 billion deal in NZD translates to $1.16 billion USD. Trilogy owns 73.17% of the equity in 2degrees so the net impact to its bottom line is $852 million USD. Trilogy has $654 million in debt that must be paid back once it gets the cash from this deal. It also has other liabilities including the operating lease liabilities along with working capital, but the majority of these will get expunged in the deal. </p><p>Subtracting the $654 million in debt from $852 million is $198 million USD. This translates to $250 million in CAD. This will be the approximate net cash value of the deal to TRL. There are 86 million shares outstanding so this figure leads to <b><u>$2.90 in cash value per share</u></b>. TRL also has a Bolivian subsidiary that will remain once the 2degrees deal closes and other assets related to this subsidiary. </p><p>As the stock price closed at $2.38, we see an upside of 26% to $3.00 per share that should be achieved over the next few days, pricing the Bolivian subsidiary at essentially for free. </p><p>Disclosure: We are long TRL.TO</p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4633706324513830125.post-29512786224376633462021-09-08T22:25:00.006-04:002021-09-08T22:39:28.158-04:00Trade Alert: Colonial Coal International Up On Potential Big Money Interest<p>We are putting out a buy alert on <b>Colonial Coal International Corp. (CAD.V) (CCARF)</b>. The stock rose 53% on 1.6 million volume in Canada on Wednesday and we believe this rise will continue for the rest of the week. We are up to 985 followers on our <a href="https://value-trades.blogspot.com/" target="_blank"><b>ValueTrades blog</b></a> despite not giving out a lot of alerts, a fact that we think is indicative of a successful, diligent and prudent stock picking history. If you like our picks you can also follow this blog by clicking the follow button on the top of the left hand panel. We have 67 followers so far on here. You can follow us on Twitter <a href="https://twitter.com/StockTradePicks" target="_blank"><b>@StockTradePicks</b></a> which has over 5,000 followers.</p><p>There is no apparent company-specific reason why the stock moved up as the company hasn't released any news recently. What's particularly interesting is how much it managed to move on such little volume. 1.6 million volume is high compared most daily volume of around 100,000 shares. But it's less than 1% of the total 174 million shares outstanding. </p><p>The stock could be reacting to the skyrocketing price of coal in China, <a href="https://www.argusmedia.com/en/news/2251466-mine-accident-sends-china-met-coal-prices-above-600t" target="_blank"><b>which has just surpassed $600 per ton</b></a>. CAD's <a href="https://www.ccoal.ca/projects/huguenot/" target="_blank"><b>Huguenot Coal Project</b></a> has 397 million tons of coal while the <a href="https://www.ccoal.ca/projects/flatbed/" target="_blank"><b>Flatbed Coal Project</b></a> has 298 million tons for a total of 695 million tons. This is about $0.40 CAD per ton based on a $277 million market cap and $1.59 stock price. So it's clearly very undervalued even after Wednesday's run.</p><p>There is speculation that a large player is buying in as a strategic investment or possibly as a precursor to a buyout. We think that this speculation makes sense as this rise came out of nowhere and it looks like many shares were purchased in big chunks. A buyer in Canada needs to report their position once they have an equity stake in the company that it at least 10%. Since only 1% of the float was purchased today, that could be a while and the stock could be at a much higher price before the buyer's intent is made public. </p><p>Pay close attention to CAD.V on Thursday. We think the buying will continue and if Wednesday is any indication, it won't take much to cause the stock price to heavily move upwards. </p><p>Disclosure: We are long CAD.V</p><div><br /></div>Unknownnoreply@blogger.com