Ann: Annual Report to Shareholders, page-4

A reason to be positive?

" Drilling and mapping during the due diligence period determined that only a portion of the mineralised structures were covered by the
Kamilombe licence as provided in the initial agreement with the Consortium. A corporate decision was made
to acquire additional ground surrounding the current Kamilombe licence which would include the strike
continuity of defined mineralised structures and an open area for infrastructural mine development. It was
further decided that the additional acquisition should be concluded during the due diligence period. The
Company’s initial focus is to conclude the new Kamilombe acquisition after which the Company will focus
on Mwilu or a replacement project.
"