Ann: Cockatoo Drill Program Confirms 69% Iron ore, page-9

From the 7th of July announcement:

Under this latest contract amendment, Watpac and Pluton have agreed to (amongst other things) further vary
the revised payment schedule to more closely align with the expected date of allotment of securities under the
Rights Issue. While Watpac is supportive of the Rights Issue process, under the Mining Services Contract (as
amended) Watpac reserves the right to take any action under the contract that it deems appropriate if Pluton
does not comply with its obligations. As mining contractor, Watpac has no ability to assess, and is in no
position to support, the ongoing viability of either the Cockatoo Island project or Pluton beyond its contractual obligations.

CK