Ann: Bekisopa PFS Update-Testwork suggest increased saleable ore, page-15

and still the M&A activity and bullish activity continues…

1. Now three potential buyers for CZR - a bit of a bidding frenzy. Rio tinto, Golf Valley and Fenix
https://**promotion blocked**/resources/resources-top-5-battle-heats-up-for-czr-and-its-iron-ore-riches/?amp
[stockhe@d]

2. Japan’s Itouchu increasing production to meet “high demand”
https://asia.nikkei.com/Business/Markets/Commodities/Japan-s-Itochu-to-increase-iron-ore-rights-50-amid-high-demand

3. Brazil Iron making a $1bn offer to acquire business including iron ore mine.
https://www.mining.com/web/brazil-iron-said-to-make-1-billion-offer-for-eurasian-resources-mine-project/

The media painting iron ore in a very different light to the market participants. Iron ore price holding on to triple figures and lots of interest in buying more iron ore assets and increasing production.

Great backdrop as we release PFS.