Ann: Notification regarding unquoted securities - MRD, page-4

Sorry out by a factor of 1 Million above.

more refined estimate indicating very high return multiples if developable and the volumes come in.

	Resource 5Mt	Resource kg	Price per kg	value resource	Assume 25% recoverable	Assume development costs	Extraction Period years	Annual Operating Costs	Total	NPV 10 (rough estiamte assuming flat cash flow)	Current Market Cap	multiple of value increase (cents)	target share price
1	500	5000000000	121	$605,000,000,000	$151,250,000,000	$1,000,000,000	30	$50,000,000	$148,750,000,000	$46,741,784,232	$400,000,000	116.8544606	58.42723029
2	750	7500000000	122	$915,000,000,000	$457,500,000,000	$1,000,000,000	30	$50,000,000	$455,000,000,000	$142,974,869,416	$400,000,000	357.4371735	178.7185868
3	1000	10000000000	123	$1,230,000,000,000	$615,000,000,000	$1,000,000,000	30	$50,000,000	$612,500,000,000	$192,466,170,368	$400,000,000	481.1654259	240.582713
4	2000	20000000000	124	$2,480,000,000,000	$1,240,000,000,000	$1,000,000,000	30	$50,000,000	$1,237,500,000,000	$388,860,221,763	$400,000,000	972.1505544	486.0752772