Ann: Quarterly Activities Report, page-22

from most recent qrtly re Jambi

“The completion of a suitable domestic market off-take for Jambreiro product (65% Fe) remains a key to unlocking this value and to advance financing/ partnering discussions for the Project. The Company is continuing to assess off-take/ partneringoptions for the Project and discussions remain open in this regard.”

just looking back at the last 2 qrtly’s. and was interested to hear peoples opinions on what sort of JV you would be happy with for the Jambi’s iron ore. Previous qrtlys have always used the term “value realisation”.

E.g if the JV was to put up the $60 million for development, and get 50%.

I know very little about mining and happy to hear from our more informed holders.