Takeover, page-16

The rule of the game has been changed little bit. In the last announcement, SDL has to show the progress of mine funding in order to get the extension of the EP92.

Extract from SDL announcement.
Project Update On 31 July 2017, the Company announced that it had reached an agreement with the Government of Cameroon to initially extend the Mbalam Convention (“Convention”) by 6 months to 26 January 2018. A further 6-month extension will be granted if Sundance can show progress on funding the Mbalam-Nabeba Iron Ore Project (“Project”) either by itself or with a credible partner.