Ann: Appointment of Managing Director, page-11

While I agree with this, there are a number of things that indicate that we are progressing towards this.

1) the new approach re smaller mine, going for less money to mine the higher quality ore
2) the apointment of people who seem to specialise in finding money.

It seems that these appointments over the last two days are very deliberated and intelligent.

This is what I have noted, happy to hear other views:

1)The new chairman (Fredrick Hess)

a.Successfully sold ASX: PNA to a Chinese investment fund

b.Is a NED for Ortusmining, which is a company focused on “Bringing mining projects to life: Accelerating high potential mining projects through the value curve using robust technical analysis, proven leadership teams”

2)New MD (Michael Jardine)

a.In his role as Business Development Adviser oversaw a number of mergers and acquisitions for General Mining Corp (ASX:GMM) -Galaxy and Mt Cattlin

b. Has particular expertise in businessdevelopment, strategic planning, capital management, debt & equity raising,and M&A transactions.