Ann: Ramelius Offer Update, page-73

I have read that report, the statement provided is misleading. Read the EXU Feasabilty Study and that is clear that high overall recovery's for the Tampia deposit are not achievable without floatatIon and UFG of the applicable ore.

Regarding roads, very familiar with both roads mentioned. The wheatbelt roads struggle running B double trucks carting grain for a few months of the year, they will not handle ore cartage 24/7 365 days per year.

If they cant run 3 trailers as a minimum then the cartage cost will make a large part of the ore reserves un economic.