Ann: AusQuest and South32 Extend Strategic Alliance, page-16

Hopefully Graeme and the team can submit at least 2 new potential projects that S32 accept this year. We then get $300k USD $500K Aud as a bonus .

The SAA also includes an arrangement to incentivise AQD’s project generation activities, with S32
agreeing to pay AQD a US$300,000 Bonus Generation Fee if at least two Exploration Opportunities are
accepted by S32 in a calendar year. AQD also receives an administration fee equal to 15% of expenditure
on all projects under the SAA to help cover company overhead expenses and assist with the ongoing
requirements for project generation studies

Good to see 1 million buyer at .011