Announcement PDF Date: 21 January 2025 ASX: FUL Shares on issue: 131.1M Market capitalisation:$23.6M (@ $0.18) QUARTERLY ACTIVITIES REPORT For the quarter ended 31 December 2024 HIGHLIGHTS Board of Directors: The Directors of Fulcrum Lithium Ltd (Fulcrum or the Company) are pleased to present the Company’s inaugural Quarterly Activities Report following the admission of the Company to the official list of the ASX. Chairman Norman Seckold CORPORATE Executive Director and CFO Peter Nightingale Non-Executive Directors Tony Sgro Foster Wilson Chief Operating Officer: Scott Keenan Nevada Lithium Projects: Alkali Flats Fairway Summit Contact: Level 2, 66 Hunter Street Sydney, NSW, 2000 +61 2 9300 3377 info@fulcrumlithium.com www.fulcrumlithium.com • Successful completion of the Company’s initial public offering (IPO) of $6.0 million plus oversubscriptions. • A total of $9.7 million raised, providing a solid financial position to undertake the Company’s exploration programs. • Admission of the Company to the official list of the ASX and quotation of the Company’s shares by the ASX on 22 November 2024. • Appointment of Scott Keenan as Chief Operating Officer. OPERATIONS • Reverse circulation (RC) drilling at Alkali Flats commenced. • 8 holes completed for 1,295.5 metres • Drilling recommenced on 7 January 2025 • Permitting the next drill program, Alkali Flats Phase 2 is underway. • Drill cuttings assay work program has commenced. OPERATIONS Nevada Lithium Projects (100% owned) The Company owns a 100% interest in the following lithium exploration projects located on Federal public lands owned and administered by the United States government: • • • the Alkali Flats lithium project comprising 2,276 lode claims (approximately 190 km2); the Fairway lithium project comprising 327 lode claims (approximately 27 km2); and the Summit lithium project comprising 160 lode claims (approximately 13 km2). The lode claims include rights to all locatable subsurface minerals. Figure 1. FULCRUM’S PROJECT LOCATIONS Alkali Flats During the quarter, the Company commenced drilling at the Alkali Flats project to be completed in two drill phases. The Phase 1 drilling program comprises up to 14 Reverse Circulation (RC) drill holes of approximately 200m depth on a grid spacing of approximately 800 metres (Figure 2). Phase 1 drilling is targeting the Siebert Formation, the regional claystone host for lithium (Li) deposits, where it outcrops at surface and contains anomalous lithium values. Fulcrum’s initial surface sampling results have measured lithium concentrations up to 797 ppm Li with over 14 samples returning greater than 300 ppm Li. In addition to testing for lithium in the Siebert Formation at depth, the drilling will also enable the thickness of the Quaternary cover over the Siebert Formation to be mapped, assisting in the planning of further step out drilling into the basin. 2 The Alkali Flats Exploration Target Areas are known to have lithium claystone mineralisation within a closed basin with prominent geothermal activity, characteristics that are similar to other deposits in the district. Concurrently with the Phase 1 drilling, permitting is underway for a Phase 2 drilling program with a view to commencing the Phase 2 drilling program in early 2025 after the incorporation of Phase 1 results for operational planning. This Target Area also has anomalous lithium values with surface samples collected by Fulcrum geologists returning values from 500 ppm to 641 ppm Li. Figure 2. ALKALI FLATS PHASE 1 DRILLING PLAN 3 Figure 3. TRACK MOUNTED RC DRILL RIG ON SITE AT ALKALI FLATS During the quarter, a total of 8 drill holes of the 14 holes planned at the Alkali Flats project were completed for a total of approximately 1,295.5 metres. Table 1 is a list of the drill holes completed and their coordinates using NAD 83 Zone 11 datum. Table 1. ALKALI FLATS PHASE 1 DRILL HOLE LOCATIONS AND DEPTH Drill Hole ID Easting Northing AFRC-1 AFRC-2 AFRC-3 AFRC-4 AFRC-5 AFRC-6 AFRC-7 AFRC-8 TOTAL 480568 481354 479982 479607 480494 481342 480497 479182 4185256 4184335 4185235 4184381 4184397 4183635 4183616 4186900 Elevation (M) 1590 1600 1575 1580 1595 1610 1595 1545 Total Depth (M) 128.0 131.1 172.2 175.3 213.4 105.2 228.6 141.7 1,295.5 All the completed drill holes intersected clay horizons based on RC drill logging. Additionally, drill hole AFRC-8 appears to extend the extent of the Siebert Formation further to the north. The drilled thickness of the zones varies from hole to hole and assay results will determine how successful the drill program was in intersecting lithium zones. Drill cuttings samples have been securely transported to American Assay Laboratories and assay results are pending. Other Exploration Licences No field activities were undertaken during the quarter at the Fairway and Summit exploration licences. 4 CORPORATE Completion of IPO and ASX Listing During the quarter, the Company’s Initial Public Offering of 30,000,000 shares at $0.20 per share to raise $6.0 million, with the ability to accept oversubscriptions, was successfully completed with the Company raising a total of $9.7 million. The Company was admitted to the official list of the ASX and quotation of the Company’s shares by the ASX commenced on 22 November 2024. The success of the IPO ensures that Fulcrum is very well funded to undertake our stated exploration programs, commencing with the drilling program at the Alkali Flats project. Use of Funds The Company provides the following information with respect to its use of funds in its Supplementary Prospectus dated 18 October 2024. Total expenditure during the December quarter was $1,966,000, including $731,000 for expenses of the offer and a loan facility repayment of $1,000,000. Exploration and evaluation expenditure was $117,000 and net administration and corporate costs were $118,000, including payments to related parties and their associates totalling $10,000 being payments to Directors for Directors’ consulting fees. No expenditure was incurred during the quarter on mining production and development activities. Expenses of the Offer Repayment of Loan Facility Exploration Program year 1 Exploration Program year 2 Working Capital Supplementary Prospectus Year 1 Budget 807,923 1,000,000 2,060,077 4,786,000 800,000 December 2024 Quarter Actual 731,000 1,000,000 117,000 118,000 Total $9,454,000 $1,966,000 Used of funds TENEMENTS Project1 Alkali Flats Fairway Summit 1 Claim Name A1 to A961, B1 to B953 and C1 to C362 S1 to S327 D1 to D160 Country Interest USA 100% USA USA 100% 100% The Company’s projects total 2,763 unpatented lode mining claims (approximately 230 km2) located on Federal public lands owned and administered by the United States government and situated in Esmeralda County, Nevada, USA. 5 A valid unpatented lode mining claim is a real property interest in the minerals on the public lands of the United States of America. The locator of a valid unpatented mining claim has the right to enter the claim and to explore for, develop, produce and sell the minerals on the claim which are locatable under the Mining Law of 1872, subject to compliance with the annual mining claim maintenance requirements under the United States Federal Land Policy and Management Act of 1976 and other applicable federal statutes and regulations. For further information please contact: Scott Keenan Chief Operating Officer skeenan@fulcrumlithium.com +61 (0)438 487 034 Peter Nightingale Director and Chief Financial Officer pnightingale@fulcrumlithium.com +61 2 9300 3377 This announcement has been authorised for release by the Board of Directors. No Material Changes The Company confirms it is not aware of any new information or data that materially affects the information included in this report and that all material assumptions and technical parameters underpinning the Exploration Results in this announcement continue to apply and have not materially changed. Competent Person’s Statement The information in this Report that relates to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Mr Bill R. Fleshman of Global Geological Services, LLC, a geologist who is a Fellow and Chartered Professional of the Australasian Institute of Mining and Metallurgy and (FAusIMM CP Geology #107342) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activities which are being undertaken to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Fleshman is an independent consulting geologist and consents to the inclusion of the Exploration Results and supporting information in the form and context in which it appears. pjn12462 6 JORC Code, 2012 Edition – Table 1 Section 1 Sampling Techniques and Data – Alkali Flats Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. The RC drill cuttings samples were acquired every five feet (1.524 meters) collected from fluid and cuttings passed through a cyclone sample collector. Buckets were lined with pre-labelled bags. Sample bags and chip trays were pre-labelled for field staff. A Fulcrum geologist collected the samples or trained the rig sampler in methods. Field personnel monitored the drilled depth, and drilling was briefly paused at the end of each sample run to circulate the cuttings to surface. Each sample interval was logged at the rig by the supervising geologist. Samples were stored at the drill sites until pickup. Drilling techniques Drill sample recovery Logging Sub-sampling techniques and sample preparation 7 Reverse circulation (RC) drilling. The RC drilling was performed by a 1500MPD track rig with a 5 3/4" (14.61 cm) hammer drill bit. Drill cuttings samples were collected every five feet in a cloth bag inside a 5-gallon bucket from fluid and cuttings passed through a cyclone sample collector. Cuttings samples were qualitatively logged and photographed by drilllsite geologists. Drill cuttings samples were initially collected wet and subsequently partially dried out under natural conditions onsite. QA/QC samples (blanks, standards, field duplicates) were submitted to monitor laboratory performance. Sample size is appropriate for the planned analyses. Criteria Quality of assay data and laboratory tests Verification of sampling and assaying Location of data points Data spacing and distribution Orientation of data in relation to geological structure Sample security Audits or reviews JORC Code explanation Commentary The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. The measures taken to ensure sample security. The results of any audits or reviews of sampling techniques and data. 8 N/A – assay results are pending. N/A – assay results are pending. Fulcrum geologists used handheld Garmin GPS units to record sample location sites and as QC. Fulcrum geologists have recorded the sample sites using NAD 83 Zone 11 datum. Location of data points is considered to be at acceptable levels of accuracy and precision. Drill holes were spaced approximately 800m apart on average, ranging from 650m to 1600m. The spacing is considered adequate for this stage of exploration given the flat to moderately dipping sedimentary layers. Drill holes were drilled vertical achieving unbiased sampling of the underlying structure. The stratigraphy comprises flat, bedded, mostly sedimentary layers. RC samples remained in the custody of Fulcrum onsite at the drill rig until collected by American Assay Laboratory personnel and transported securely to their laboratory. Samples were accompanied by submittal sheets. No security issues are suspected. No audits or reviews of the data management system have been carried out. Section 2 Reporting of Exploration Results Criteria JORC Code explanation Commentary Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area. Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. The Fulcrum Projects are 100% owned by Fulcrum and are in the form of 2,763 unpatented US lode claims located on Federal Land administered by the US Bureau of Land management (BLM). Alkali Flats Project – 2,276 lode claims (A1 - A961, B1 - B953 and C1 C362) is centred near 469,342 metres East, 4,187,705 metres North, Universal Transverse Mercator (UTM) NAD 83, Zone 11 datum in Esmeralda County, Nevada. The Summit Project – 160 lode claims (D1 - D160) is centred near 482,165 metres East, 4,169,952 metres North, Universal Transverse Mercator (UTM) NAD 83, Zone 11 datum in Esmeralda County, Nevada. The Fairway Project – 327 lode claims (S1 - S327) is centred near 414,540 metres East, 4,195,755 metres North, Universal Transverse Mercator (UTM) NAD 83, Zone 11 datum in Esmeralda County, Nevada. The lode claims require an annual filing of an Intent to Hold declaration and are subject to annual Maintenance Fee payments to the BLM and Esmeralda County totalling US$200 per claim. Surface rights sufficient to explore, develop and mine minerals on the unpatented lode claims are inherent to the claims provided the claims are maintained in good standing. The surface rights are subject to all applicable State and Federal environmental regulations. There has not been previous exploration for lithium at the Alkali Flats Project. Geology Deposit type, geological setting and style of mineralisation. Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole down hole length and interception depth hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. 9 The Fulcrum Projects are in areas favourable for claystone hosted lithium deposits. Project areas were selected based on the presence of favourable host lithologies within hydrogeological closed basins that also exhibited high geothermal activity. Fulcrum’s Projects are geologically similar to other nearby lithium projects in the Tonopah area with advanced exploration programs. Several of those projects are currently being investigated at various exploration or development stages all based primarily on the United States Geological Survey (USGS) lithium depositional model as presented by Asher-Bolinder (1991) in which three diagenetic models are proposed for formation of enriched lithium clays in closed basins: Alteration of volcanic glass to lithium-rich smectite. Precipitation from lacustrine waters. Incorporation of lithium into existing smectites. A total of 8 drill holes of the 14 holes planned at the Alkali Flats project were completed during the December quarter for a total of approximately 1,295.5 metres. All holes were drilled vertically and drill hole coordinates and the depth of each hole are detailed in the report above. Criteria Data aggregation methods Relationship between mineralisation widths and intercept lengths Diagrams Balanced reporting Other substantive exploration data Further work JORC Code explanation Commentary In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. 10 N/A – assay results are pending. N/A – assay results are pending. N/A – assay results are pending. The location of the drill holes completed are detailed in the report above. N/A – assay results are pending. N/A – no other exploration data was gathered in this period. The completion of the 6 remaining holes of the 14 hole, Phase 1 drill program is planned to be completed in January 2025. Phase 2 of the Alkali Flats drill program, which focuses on the area immediately west of Phase 1 drilling, is planned to commence in early 2025 following Phase 1 completion and incorporation of Phase 1 results for operational planning. Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity FULCRUM LITHIUM LTD ABN Quarter ended (“current quarter”) 23 665 528 307 Consolidated statement of cash flows 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for 31 December 2024 Current quarter $A’000 Year to date (6 months) $A’000 - - (117) (942) (b) development - - (c) production - - (d) staff costs (32) (32) (e) administration and corporate costs (98) (171) - - 15 16 (a) exploration & evaluation 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities (232) (1,129) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - - (3) (3) (d) exploration & evaluation - - (e) investments - - (f) - - (c) property, plant and equipment other non-current assets ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 2.2 Current quarter $A’000 Year to date (6 months) $A’000 Proceeds from the disposal of: (a) entities - - (b) tenements - - (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (provide details if material) - - 2.6 Net cash from / (used in) investing activities (3) (3) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 9,700 9,700 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities (731) (868) 3.5 Proceeds from borrowings - 1,000 3.6 Repayment of borrowings (1,000) (1,000) 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities 7,969 8,832 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 22 56 4.2 Net cash from / (used in) operating activities (item 1.9 above) (232) (1,129) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (3) (3) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 7,969 8,832 ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A’000 Year to date (6 months) $A’000 - - 7,756 7,756 Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 21 22 5.2 Call deposits 7,735 - 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 7,756 22 6. Payments to related parties of the entity and their associates 6.1 Aggregate amount of payments to related parties and their associates included in item 1 10 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Current quarter $A'000 Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. Director fees ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 3 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report 7. Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $’000 Amount drawn at quarter end $’000 7.1 Loan facilities - - 7.2 Credit standby arrangements - - 7.3 Other (please specify) - - 7.4 Total financing facilities - - 7.5 Unused financing facilities available at quarter end 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. - N/A 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (232) 8.4 Cash and cash equivalents at quarter end (item 4.6) 7,756 8.5 Unused finance facilities available at quarter end (item 7.5) 8.6 Total available funding (item 8.4 + item 8.5) 7,756 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 33.43 (232) - - Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. 8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: N/A 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: N/A 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: N/A Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 4 Appendix 5B Mining exploration entit