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Dunlop1

You quoted from BAU's Quarterly:

"Some of the tenements cover areas that were previously
held by Alcoa and Worsley pursuant to State Agreements."

My understanding of this is Alcoa and Worsley relinquished

their rights to the tenements in question.

Furthermore, you quoted:

"The terms of the State Agreements may affect
the Company’s application to explore for bauxite, in which case the Company intends to negotiate with
the relevant parties in an effort to secure bauxite exploration and mining rights to these areas."

Negotiate with whom I wonder? Surely not Alcoa and Worsley

if they no longer have control over the tenements

in "dispute." Surely BAU would not have applied for the

tenements in the first place if they were aware of this?

And why would either company wiilingly give these areas up?

I am of the belief that the relevant parties as mentioned

may indeed be referring to the regulatory body in this case

i.e. Dept of Industry and Resources and not Alcoa and

Worsley. Would anyone else like to comment on these issues?