Ann: Mineral Resource Estimate Doubles at Splinter Rock, page-16

Hi Brett,

I know you read Hotcopper and have responded to a query of mine on here before (thanks!). You mentioned in the MRE presentation that your Fe and Al co-extraction was low (around 1%), but this hasn't been released yet in any met results from OD6. MRD released their Fe and Al extractions which averaged 50% across their sample set, so I find it hard to believe OD6 using the same HCl leach conditions as MRD and being next door would have 1% Fe/Al extraction when MRD has 50%. Could you please elaborate on what the 1% referred to - total extraction rate, 1 wt% being leached, 1 wt% Al/Fe leach liquor concentration? Any chance we might see some impurity co-extraction data in the next met announcement? Look forward to you addressing in the next update. I also liked the Freudian slip on VTM when you were talking resource valuations vs the Brazilians - I also wonder why they are valued so highly!

Cheers