AGM Answers, page-4

Cheers tim, My favourites/highlights from today:

- First public mention of 25 mining licences that Nsl are trying to get their hands on... expecting the majority...
- when asked if possible to secure a customer who may willingly prepay to allow cashflow for ramp up, cedric didn't exactly shy away... said everything is a possibility, but they would want to see the plant up and working well first.
- when asked if approvals were all complete for additional 1mt plants, he indicated they aren't, but might not take that long, as have been there and done that, and learnt lessons....extremely confident of approval.
- overall confidence of Chinese delegates and pellet plant steel mill jvs.... without giving anything away
- cost savings of premium grade fines being used by customers
- potential for southern india steel mills to be clients, not just ap
- imminent paperwork for allocation of land for pellet plant and steel mills
- was almost giggling that Nsl could get 57% grade from their waste pile trial runs