Ann: Blacksmith Scoping Study Investor Presentations, page-19

Jake0002 , in my view it’s a one or two man team. The bod haven’t got a clue about mining or shipping I/O.

Regarding trucking. The original trucking Co. was made up of owner drivers who didn’t wanto hand over there rig to a stranger sowhim creek was picked whick suited rest period.

RHK Now looking at Co with pool of trucks and driver change at suitable distance/time.

Re shipping.

It was explained that RHK has been allocated a bunker. When the bunker is full it will be loaded onto a ship. If RHK maintain there bunker loaded they may be allocated more port space. So a spare pile of I/O needs to be maintained for quick fillingof bunker . Stock pile overcomes any problem at mine ore road or with trucks. Whim creek was just a random sight.

Todd/ Tio apparently is now treated as another shareholder.

To date it is all welcomed theory, now we wait for delivery and as your aware “on budget’. Westfarmers and MIN in there Lithium venture expect an overspend to budget of 10-20%. Rhk relatively small cap ex, shouldn’t be a problem?

It’s the first time in 21 years that we’ve gone this far so congratulations to the two man team.