UK Investor Presentation - Brad Boyle - 05/06/2015, page-18

Bobsa answer to 5b - they are drilling it and the results will provide the thickness AND grade There is a map showing the VTEM hot spots that they may be targeting but I don't know for sure where the drill bit will be sunk.

PD - I know it's detail for later on but I would be interested to know current thinking on:

- port access and facilities

- transport of materials to and from port as in trucking fleet - would TON purchase fleet and drivers or outsource?

- Workforce labour and expertise - If heading for production in 12 months I am sure some of this thinking is in train.

- Water - where's it coming from?

- Power - where's it coming from (will they lead by example and include solar and storage?)

- Hypothetically - IF there was demand for 1,000,000 ton's PA, how much could we supply in 2020?

- IS it possible that other interested parties could do their own DD in the next 6 months and gazump the cur LOI? - or are the locked out?

- How long until we see drill results from Ancuabe and Nacanda (infill).... JORC upgrade.

When will insto's realise TON is at fire sale prices???

- who was the drunkest at the meeting and does your dad own a brewery???

KL - just having a spray. CHOMP!