Ann: Response to ASX Query Letter, page-6

From the letter:

2. Did the Presentation (including the Comments) contain any information that a reasonable person would expect to have a material effect on the price or value of AUZ’s securities? If the answer to this question is “yes”, please detail that information and advise when AUZ
became aware (including the date and time) of the relevant information.

No

3. If the answer to question 2 is “no”, please advise the basis for that view.

The Company is in on-going discussions with SK Innovation regarding the associated financing for the Project in accordance with the off-take term sheet agreement.
Australian Mines is also in discussions with various other parties regarding financing the Project, either separately to or in conjunction with SK Innovation. The terms of these discussions remain incomplete and confidential.
The Company will provide further information to the ASX with respect to the discussions with SK Innovation and other parties as and when such information is available and in any event in accordance with the requirements of Listing Rule 3.1.

To the extent that the Presentation contains comments regarding SK Innovation participation in the financing of the Project, these comments should be considered in light of the above position.



So what are you saying Ben? You just lied in the presentation about SKI funding the capex?

We just will ignore that part and ASX wont care?

I dont think we'll be reinstated tomorrow first thing. ASX wont accept that reinstatement to market letter without a satisfactory answer to those questions.