SPQ chart, page-2410

Here is what I think:

1. Steam Engine gold could go to Ravenswood for processing in a deal between SPQ and the private equity group that owns Ravenswood.

Ravenswood Gold: Delivering financial and sustainable outcomes - Ausenco English

Ravenswood Expansion Project, Queensland, Australia (nsenergybusiness.com).

2. Big Mag/Dido sulphide nickel tenements will be dealt with once all applications have been approved. I checked on the applications just after last Q Report came out as it could have been inferred from the tenements map (Figure 2) that they had been approved, even though both Figure 19 and Appendix 1 said otherwise. My search revealed that the applications had not been approved at that time. When I say 'dealt with', I mean that the Board will, some time after all 3 have been approved, announce if it will go it alone on the exploration of these nickel areas or farm out the tenements or spin off a new nickel exploration company.