Ann: Hamersley Iron Ore Project Update, page-17

correct. There is a conflict of interest as it is their own subsidiary that identified the the 2 sites yet none of those 2 have been registered . Further the wagc has another subsidiary - Gunamara resources - which have tenement auto explore and mine. The WAGC are pro mining. Hence, the difficulty encountered by eqn, whilst not unusual, is better to be handled under section 18. It could be argued that wagc wants eqn to abandon the resource and then wagc could eventually take it over. As there are some discrepancies this is the only way to avoid future issues.