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Ann: Change of Director's Interest Notice, page-36

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    We feel that the combination of Maximus’sgeophysical survey and historical drilling atprospects like 5A with intersections of 7-12%Nimight lead to an in the perceived value of ESR’snickel rights at Spargoville. • Further value could be realised by ESR doing some drilling, allowing Maximus to earn-in on the rights or potentially a sale to MXR.
 
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