Ann: Change in substantial holding, page-5

Hi Nij

With ducks in a row now tenure wise, and loads of drilling dollars applied I believe the remaining work in simply adding to feed tonnage, means a camels back is broken, so we either mine it or accept a fair & reasonable offer...

Whatever fair value is at best is very debatable however I’m more than pleased as Mallee Bull Wirlong Southern Nights Wagga Tank all have great upside and as is even better, they mitigate risk in a suite of diversified minerals.

I doubt St Barbara would form an alliance or for that matter Sandfire but both I’m sure will recognize the phase we’re in ever closer to economic and powerfully poised to create and add to a long term mining hub.

For smaller holders whom don’t quite accept or get where were are poised (as per AGM) positioned and headed just look at top 20 and their increasing interest and retained interest over the many years, and consider what metal prices will look like as we must green the planet utilizing same. Upward and upward hereon.

Sarg