Bankable Feasibility Study completed June 2017Independent...

Bankable Feasibility Study completed June 2017Independent Engineer’s Due Diligence via KfW and SRK completed August 2017 Debt financing with German and Australian lenders

Australian lenders does not say Australian Bank.

Also don’t you think that the BFS and the KFW DD is out dated. 2.5 years seems to be a long time especially with all the changes in Tanzania. Maybe this is why finance hasn’t been approved. How much will in cost KNL to do another BFS and for KFW to do another more up to date DD? And how long will it take maybe this is why finance is taking so long.

if they were content with their assessments from 2017 then this should have been signed off by now. And why do they need Tanzania banking laws to change is it that KFW doesn’t want to leave their/KNL money in a Tanzanian Bank. I would like some clarification on the why as if they are not comfortable with having money in their country why would they be comfortable with building a mine there.

On a more positive note things do look good for the EcoGraf in Kwinana. I will be waiting for some more information on the investment decision next half of next year though. I still might put a bit into this when/if the time is right.