Ann: FY21 Full Year Results, page-15

Tim said in the conference call that the Bumamani pre-feasibility study results will be released in a few days. This will be interesting - it sound like this will extend Kwale but with lower cash flow than at present..

Tim also said Base will release an upgrade resource estimate for Toliara and an up dated feasibility study for Toliara. Time said one thing this study will show is implications of expansion in year 4 (which he suggested that this will show the potential for Toliara) as well as how the economics is changing with the improved commodity pricing outlook. He did not provide a timing for release of this information but I suspect it is not too far away.