Ann: WAPRC Agreement Extended, page-30

The key factors that drove the decision of the Board to stay the course with this opportunity were:
1. The fundamental core appeal of such a world class deposit and opportunity was simply too
attractive to walk away from. We could not identify another opportunity that a company of
the size and resources of AustSino would be able to get our hands on that would offer even a
fraction of the upside of the Sundance project.
2. The fundamental drivers for a Chinese backed syndicate to develop the Project were
overwhelming. This project is simply too good not to be developed by China given its desire
to secure a diversified, high quality source of iron ore.

bring it on