is their any hope for plv, page-37

Have received the following advice from Tony, when I emailed him last night to ask about the likelhood and timing of an updated PFS, prior to completion of a DFS.

"We are going through the process now of updating key elements of Irvine valuations. It takes some time to do as they are all interrelated. For example to update the reserves and NPV we have to go through the whole process again of calculating operating and capital costs…. That of course can’t be done until we know what the capital savings are due to producing the 3mm product rather than a 1mm product. To do that we have to have someone reconfigure what the plant would look like to make this product…. So it’s a bit like a chicken and an egg. We are also looking at getting the pre-concentrator costed ex-delivery from China…this is something Timeone is helping us with which should give substantial savings.

I can’t give you a date when all this will be finished but we are working on it. So yes we will be updating key elements of the PFS prior to finishing the DFS. We will of course update the market when these are known."

Once again, I acknowledge Tony's responsiveness and say thanks.