Ann: Half Year Accounts, page-12

AusIndustry granted the company’s application for an Advance Finding and Overseas ruling in relation to the Coldry activities planned under its India project. Under R&D Tax Incentive legislation, companies must seek prior approval before claiming overseas expenditure. The estimated value to the company based on the current project budget is approximately $10 million. The company is in the process of submitting its application for an Advance Finding and Overseas Ruling in relation to the Matmor component of the India project. No other matter or circumstance has arisen since 31 December 2016 that has significantly affected, or may significantly affect the consolidated entity's operations, the results of those operations, or the consolidated entity's state of affairs in future financial years. Auditor's independence declaration A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 20