AGM Questions, page-11

Asset maturation progam was meant to be completed by Oct 2017. Why the delay in reporting of the use of the money raised during the recent CR?
Why haven't we heard of the progress for this or any regular updates?
Why has the project been delayed and shareholders not notified?
Has the money raised during the CR been exclusibely used for the puposes of asset maturation programs? Can the company issue a breakdown of how the money raised during the CR has been put towards the asset maturation program?

Entitlement Booklet, 9/5/17, pg 5
This investment needs to be conducted within a tight timetable to ensure that the work can be initiated within a constrained site access window. The onsite activities need to be conducted between May and October 2017 to achieve completion prior to the wet season. Completion at this time will support the finalisation of the analysis prior to December 2017. In the event that the maturation work creates a successful basis for moving forward with the activation of a FS simulating a minimum 45 Mtpa operation
from PIOP, there will be a need to raise further capital to conduct these studies in 2018.

Annual report for  the year ended 30 June 2017, 15/9/17, pg 8
This entitlement offer was completed in early June 2017 and asset maturation programs commenced in late June 2017. During the June 2017 quarter, the Company commenced the implementation of a comprehensive drilling program at the PIOP to collect a range of drill core from different iron ore horizons for future testing to confirm and enhance a series of bases used in the strategic review. The Company is
focussed on reducing the risks associated with its preliminary data by conducting a more thorough analysis of decision critical information that will guide the ultimate production rate, ore quality and mine planning. These factors are key determinants in quantifying the value of the PIOP and optimum project delivery method. The Company anticipates completion of the drilling program before the end of the calendar year 2017 and results of the drilling program and other works will be collated and assessed during the December 2017 and March 2018 quarters.