Ann: Trading Halt, page-7

Emailed Michael Shwartz this morning, telling him that you advised me last year, that we are funded for 2 years, so, why the SPP now? Got a prompt reply:

We are undertaking a placement and SPP so we can

• Expand our exploration efforts in the Wollogorang Cobalt Project and minimise exploration risk by test many more targets
• Fast track our scoping study and metallurgical test work
• Commence exploration on our newly acquired exploration tenure for Lithium in the Arunta region

Cheers

Michael


Michael Schwarz
Managing Director
Northern Cobalt Ltd
+61 402 101 790