Ann: Appointment of Managing Director / CEO, page-12

Missed this from the report.


Ambica Crushtek were contracted by the Company for the design, fabrication and construction to the Phase
1 dry crushing and screening plant. Post construction, hand over and associated commissioning activities failed
to conduct an agreed acceptance testing program. Subsequent operating has indicated designed plant
throughput may not be achieved.
As per the agreement retention monies of 5% of the contract value can be retained for 12 months post
completion and were retained, totalling approximately $90,000.


Phase one dud.
Phase two dud.

Both times Cedric advised things were well.

Farcical.

Hope this new guy is alot better.