Ann: AGM Chairmans Address, page-2

This will be interesting if it happens, TIG will be doing a dividend program, I wonder how long that will take to happen! wow hope this happens, hopefully in the next few years we can increase production to 5MTpa and have a port that’s open all season

In accordance with our plans for Phase Two of our Amaam North development strategy we have commenced the building of the first module of our coal handling & preparation plant (“CHPP”) and updated our JORC Resources and Reserves at Amaam North. All of this work is leading us towards a situation where we should achieve consistent profitability which in turn could enable the commencement of a dividend release programme to our shareholders. Additionally, this year our team will be re‐ evaluating the development potential of the Amaam Basin coals together with the logistics options for best bringing these coals to the market.