Ann: Bygoo JV Update, page-2

BeiSur-Riverston Bygoo JV agreement has resulted in $A1.5million being paid to Thomson to fund tin exploration. However, a further $1.5million was due on 30 June 2019, along with a holding fee of $600,000. This hasnot been received; Beisur is in default and the agreement has expired.Nevertheless, Thomson is in discussion with BeiSur to see if acceptable newarrangements can be agreed to. These negotiations are expected to take severalweeks.