Does it simply add more ounces? Does it fundamentally change how investors should think about the scale and the economics of this thing? It's

really important.

essentially what we were looking at was one conglomerate layer and that's what we were focused on because where we've done our most shallow drilling um that's what we typically see there but what this has shown is uh basically there's three stacked layers within a 50 meter thick um or a sediment package.

And we've been focusing on one that's about from one meter to about five meters thick.

And we call that the main layer.

And that's what we've been bulk sampling and most of our shallow drillings on.

But what we've also noticed is there's another conglomerate lens underneath the main layer.

In terms of your share price getting higher, why aren't you guys higher? What's the path forward? Are you guys also looking at institutions? From your view, what are people misunderstanding? I think it's because

Why did Inventis choose bulk sampling to advance the Pardo project, and what has, I suppose, what has worked proven so far?

So the project does have a what you call a nugget effect.

So when you drill a, a drill hole into it, sometimes you'll get a spiky high grade and sometimes you'll get nothing, and that doesn't necessarily mean the gold's not there.

So we recognized that early on and we got a bulk sample permit, um, I think that was completed in 2019.

So we got a permit for 50,000 tons to basically test if you go out and drill an area and then you extract it, how does it compare to the drill results and what you actually get in the bulk sample? So we tested that in, uh, 2021.

We took a 5,000 ton bulk sample, and we ended up breaking even on it for oast, but it came back with some important data suggesting that the drilling at a tighter spacing with this large diameter core we're using actually reconciled pretty well So in, uh, early 2025, um, with the gold price going up, we realized we can probably, um, be cash flowing from bulk sampling and getting more technical data.

So we kickstarted that, and it's proven to be, um, a great program.

Um, and lastly, in concluding, um, just wondering if you can just give us, uh, um, the outlook for the next sort of six to 12 months for Invictus Mining, um, and any, any, um, achievements that you would like to, uh, achieve during that time.

What's the average grade and thickness that you're getting? Maybe true thickness, if you have access to that, that you're now seeing across the layer as a whole?

For the Matanenda, it seems to be a bit thicker, but the main layer actually chews through it.

So where our DSO production area is, where we've done a lot of drilling because it's very shallow, The matten end has mostly been either wasn't deposited there or the main layer reworked it and concentrated the gold out of it.

But on the east side where we've been, no, the west side where we've been drilling, the matten end is preserved and we're actually seeing quite thicker zones, like up to five to 10 meters thick, where it's running between half a gram and a gram.

And We had some ideas it was there, but what we've been doing lately to sort of solve our nugget problem, our gold nugget problem, was we've been drilling larger diameter core And so we went over there and grid drilled with the larger diameter core, and then we drilled the highest grade intercept in the Matanenda we've seen to date.

So we're wondering if there is a nugget effect in the Matanenda as well.

And we, yeah, like one of our samples, and it was half a meter of 10.5 grams.

What kind of deposit does ore sorting work best with, though? Because I'm thinking, like, is it going to perform consistently on a range of grades and mineralization style and mineralogical variances and so on and so forth? Yeah,