Market Update, page-217

Pre-Discovery Action Commenced by Sundance
AustSino Resources Group Ltd (AustSino or the Company) refers to the announcement made by
Sundance Resources Limited (Sundance) dated 11 October 2021, within which Sundance notes it has
applied to the Supreme Court of Western Australia seeking pre-action discovery against the
Company and its Executive Chairman, Mr Ding.
The Company categorically denies any involvement or wrongdoing associated with Sundance losing
any rights it says it had to pursue its iron ore project and infrastructure project in Congo and
Cameroon.
The Company considers the public statements that have been made by Sundance in relation to
AustSino to be an opportunistic attempt by Sundance to distract its shareholder and investor base
from the fact that Sundance failed to properly manage the project and key stakeholders.
The fact pre-action discovery is necessary demonstrates that despite its efforts and the public
allegations made, Sundance has not been able to establish any wrongs as having been committed by
the Company and is fishing for any information that might help it to sell the narrative that it is not
responsible for its current positon, in an attempt to have its shareholders and investors blame third
parties for what is actually a failure by Sundance itself.
Efforts to try and shift blame to AustSino (and Mr Ding) using announcements to create an implicit
narrative that there have been covert and underhanded activities reflects poorly on Sundance.
The Company is currently considering the pre-action discovery proceedings taking into account the
Court’s powers under the applicable legislation, the breadth of the request and costs involved. The
Company will vigorously defend any substantive actions Sundance brings against the Company for
wrongdoing, if they are commenced, including considering potential counterclaims to recover some
of the considerable funds it expended in an effort to seek to undertake the proposed placement into
Sundance