Ann: Goulamina on Schedule Post Discussions with Mali Government, page-443

I haven’t read all the posts so apologies if this has been mentioned before.

We went into a Trading Halt because of correspondence about DSO, then Suspension because of correspondence from the Government.

To me, the main negative in the announcement is the fact we are now a minority partner.

The DSO & taxes will sort them selves out, our minority holding is for ever.

The Transformational Agreement was signed Sept 3rd - we came out of suspension the next trading day.

Now tell me the suspension was about the correspondence & not the deal with Ganfeng - maybe initially but not the whole 5-6 weeks.

The DSO, taxes etc are still not resolved, nothing is different today than it was 4 weeks ago (except the deal).

Yes the new mining code was legislated - but that doesn’t apply to us.

The Mining Industry is full of JVs which usually involve one partner owning more than the other and they all seem to work very well, look at Greenbushes (Albemarle, IGO, Tianqi), Wodgina, Mt Marion etc etc. I’d still prefer to be an equal or major partner.