Ann: TVN Tivan Announces Return to Middle Arm, page-19

On 27 May 2021 "BoD" announced that the NT EPA sought additional information on 23 different fronts. 12 were said to be "unexpected" 1 was said to be "reasonable" and the ballance "new or additional". One of the "unexpected" requests was a justification for the refinery site being located at middle arm rather than any other site. A comparative analysis in effect. Not unexpected one might think.

Management fell back on the changing legislation as an excuse, in effect saying they were to be treated in the transitional phase of the changing legislation, took the view that the requests were unreasonable and spat the dummy.

As a result in September 2021 they announced a change in refinery site to the Mt Peake mine site. There was a lot of justification to passify the SHers and all seemed reasonable with NT EPA painted as the bad guys.

Since September 2021 we have heard heaps about aquifer location programmes and on going meetings with CLC. We have not had any substantive progress on either of these fronts.

We changed/damaged our relationship and agreements with SMS replacing much of the work with a co/ that is now in liquidation.

Also during this time and of course burnt a $12.5 mill CR/placement at .09c a share (140 mill shares issued if my math is right).

Now almost 2 years on we return to middle arm. Todays announcement reports buckets of good will with NT govt and Agencies.

WTF happened back in 2021. Why have we wasted 2 years, burnt millions, damaged relationships and waisted crutical time. Now we find out that in a matter of 3 months a new team repairs the damaged relationships a takes us back to a place were what was requured was a comprehensive suplimentary report to get the environmental go ahead.

Im flabbergasted. Good work new team.