Ann: Change of Director's Interest Notice, page-5

HI,

Looks to me like TAS wants to primarily spend money on the upcoming Pernatty drilling program.

The contributions to the CR by GS and DS, are very confidence inspiring

TAS still owns 33.271% of EDE, which is a very large chunk.

I am extremely happy with TAS's current strategy:

• Vulcan (JV with FMG), with drilling likely to commence before the end of this year.
• Pernatty (100% owned by TAS), with drilling to commence possibly within the next few weeks.
• Major shareholding in EDE, which is likely to signficantly increase in value over the next 6-12 months.
• 13% shareholding in CNJ (currently worth A$650K).

All of the above puts TAS on a very solid footing going forward.

As a bonus, with the funding of EDE now well assured until around the middle of 2021, there should be no future drain on TAS's cash reserves in order to support EDE.

Therefore, IMVHO, TAS are now extremely well placed.

Cheers.

Please note: Every post of mine is my own personal opinion. Every reader and/or investor must do their own research. This post, and indeed all of my posts, do not provide tax, investment, or financial advice. The information in all of my posts is presented without consideration of the investment objectives, risk tolerance or financial circumstances of potential and/or existing investors.