Ann: September Quarterly Activities Report (Updated), page-2

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" • The Company has completed the disposal of Ben Hur project (those tenements
disposed can refer to the addendum to the report) to Regis Resources Ltd (ASX:
RRL) (Regis) for $10 million in Regis shares which is an important step in the
Company’s recapitalization process.
Please see ASX announcements dated 12 August 2020 and 2 September 2020 for details.
• The Company has completed an independent review of its JORC 2012-‐compliant
Mineral Resources Estimate following the divestment of the Ben Hur deposit.
Please see ASX announcement dated 10 September 2020 for details.
• The Company has made an aggregate payment of $18,000 to the directors as
remunerations for the quarter.
• The Company continues to investigate suitable opportunities for the development of
the Alpha, Corktree Well and Beta projects.
2. Corporate
The Company received continuous funding from the parent entity, Stone Resources Limited,
for exploration and working capital requirements. During the quarter the Company received
approximately $414,000 from the parent entity.
3. Tenement Schedule
The mining tenements held by the Company at the end of the quarter and their location can
refer to the addendum to this report.