Takeover, page-52

Norwest are in with TSV.

The funds raised will enable Norwest to progress its three key Perth Basin projects towards drill-ready status, ensuring the projects are best positioned to attract the investment funds required to achieve Norwest’s exploration objectives. Norwest is fully committed to participating in the drilling programs for Xanadu-1 in TP/15, Lockyer Deep-1 in EP368 and Arrowsmith-3 in EP413. The additional funds raised, along with the Strategic Alliance formed with TSV, will greatly assist in providing a pathway towards achieving these key exploration milestones as soon as possible.