Ann: Quarterly Report, Appendix 5B and Resource U, page-4

re: Ann: Quarterly Report, Appendix 5B and Re... "A JORC-compliant inferred resource of 1,991.6 million tonnes* has now been delineated for Waterberg #1. In order to remove the quantum of shale from the resource, a discount at a relative density of 2.0g/cc has been applied. The adjusted JORC-compliant resource is 978.1 million tonnes* in Waterberg #1. When the remaining holes have been analysed, over the next three months, the resource is expected to progress to a higher resource category"


... NICE