Ann: Activity Report for Quarter Ended 31 December 2021, page-10

Hi Lagoz, Lowed VYR and Co -

Regards the rate of progress of the Komatsu - I think it quite reasonable of Lagoz to ponder the question.

It was raised earlier by myself and at least one other and yes, we did get that comment from Lachlan in the interview, However .....

Wouldn't you think if all was going to plan with the bedded in rate of progress ( which would surely be the case by now ?? ) and knowing that there was a degree( amongst some) of anxiety about said rate out here in investor land, that the qtrly. was a perfect opportunity to update the market ?

Perhaps a little comment like - After the initial Portal cut and associated works, the MC 51 is now approaching its nameplate capability and we are confident that the trial should be completed somewhere close to meeting our scheduled time frame. might have been more than a useful prod me thinks.

cheers, Foyt