Ann: December 2017 Quarterly Activities and Cashflow Report, page-56

A Pre Feaso and more so a Definitive Feasibility aims to remove risk associated with unknowns around the cost of extraction, processing, and sale of final product, ideally we want to produce a high quality Nickle Sulphate and Cobalt Sulphate as these are the chemicals a battery producer requires. If we can provide evidence that this is achievable at an all in cash cost that makes the project profitable, the funding of the project should not be an issue based on demand forecasts. If it’s not economical, and then the whole KNP may be mothballed until another time in the future when the in ground resource value increases