Ann: High grade iron concentrates from DTR testin, page-3

re: Ann: High grade iron concentrates from DT... Refer to the 20 Oct announcement re the Japanese MOU. This announcement ticks a box to in the affirmative.

PLV are substantially closer to negotiating and entering a Sale and Purchase Agreement, Joint Venture Agreement and Off-take Agreement with Kobe as referred to in that announcmenet.

Share price should rise tomorrow as investors catch on to the de-risking overnight.