Lance Stage 1, page-6

I have an answer to one of you questions .
There is no facility or need to report on whether yellow cake is phase been produced from the loaded resin since all that happen to the loaded resin is it joins other resin to be stripped. I.e. once the loaded resin is handed to the stripper it is PEN credited as U, undifferentiated from as any other U that goes into barrels from the stripper.

As to the rest I have answers to my level of satisfaction. viz.
I believe management has commented on flow rates being better than expected and solution grades being higher than than their target level which was quoted as a figure in the audio broadcast 16/3/2016 to my mind that was repeated in the quarterly. Further they are achieving the targeted levels of bi-carbonate.

An initial comment in February led to my positive comment that the aquifer is more permeable than expected and leaching is faster than expected. Apart from the share price falling off I think there is no reason believe that there is a leaching problem. Loaded resin has been shipped.

Maybe you would like them to spell it out for you in your terms but some of you questions have been answered to a level that is probably best for to meet ASX requirements and not to create unrealistic impressions. E.g. thy say they want to reach 48 mg/l U sol'n levels in the 7 header houses by the end of the year and are at 38% (61% of that) now.