Ann: Extension of Ore Supply Agreement, page-5

Pity about the PFS delay as I was intending a small punt on the options if the PFS was imminent and a re-rate was on the cards. Not now. Too little and too late to get near 3c I think. But I will think about an investment in the heads as I think the DNI process certainly has merit and could make the economics very attractive. They need to keep that CAPEX under $300M I believe to have any chance securing funding as a minnow.

I first came into contact with DNI back in 2010 through the deal they did with a UK AIM listed company called Regency Mines. Lost a lot on that investment (long story) so keep away from RGM. But they were the first to partner with DNI to look at processing laterite ore from PNG (Mambare). A couple of links below in case you are interested. Plenty of related announcements at the RGM website from 2009 to 2013.

https://www.regency-mines.com/wp-content/uploads/2016/08/RGM_LinksWithAustraliasDirectNickelToProgressMambareNickel-CopperProject_19.08.2009.pdf

https://www.regency-mines.com/wp-content/uploads/2016/08/DNi_Press_Release-May2013.pdf