Ann: AUZ to acquire 100% of Sconi Cobalt-Nickel-Scandium Project, page-42

For what it is worth, here is my response to Ben's email.

"
Good evening Ben,


Not a problem, I have been reading about the company in different mining news platform so can appreciate how much effort it takes to get these things done alongside normal day to day work.

I highly appreciate you taking time to respond to my queries and really like the comparison between Sconi and Syerston.


Regarding funding, I hope that you and the team have the opportunity to de-risk the projects as much as possible with great product samples, all mining approvals in place and offtake with part financing before going to the financial markets for debt.


I noted your comment in the comparison table, the Exploration upside of Syerston being acquisition of AUZ. For the benefit of self and fellow shareholders, I hope our market Cap is around $120-150mil before any acquisition offers start coming in with that market cap as a baseline for calculating premium.


Whilst I would prefer for AUZ to go from an explorer to Developer to Producer with both Sconi and Flemington projects. It does make sense to have Flemington and Syerston as one mine from mining perspective, AISC perspective and economies of scale.


Another possible scenario , combine both projects and AUZ retain 50% ownership of the combined operations and we pay our share of capex from future profits with an agreed interest rate OR around 25-30% interest in the combined operations with no capex contribution given the grades are better north of the ore body J.


With your permission, I would like to share your response on Hot Copper and with a group of friends that all have interest in Australian Mines.

"