12 FINANCIAL REPORT ALLUP SILICA Year Ending 30 June 2023 ALLUP SILICA LIMITED DIRECTORS’ REPORT Significant Changes in the State of Affairs There were no significant changes in the state of affairs of the Company that occurred during the financial year. Events Subsequent to the End of the Reporting Period No matters or circumstances have arisen since the end of the financial year that significantly affect, or may significantly affect the operations of the Company, the results of those operations, or the state of affairs of the Company in future financial years. Likely Developments and Expected Results of Operations The Company intends to continue mineral exploration activities while considering new project applications, acquisitions and joint venture opportunities. Dividends No dividends were declared or recommended but not paid, during the financial year. Environmental Regulations The Company is required to carry out its activities in accordance with the Mining Laws and Regulations in the areas in which it undertakes its exploration activities. The Company is not aware of any matter which requires disclosure with respect to any significant environmental regulation in respect of its operating activities.
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