Ann: Coolgardie Operations Update, page-10

I hate to rain on anyone's parade, but Albo said yesterday in Japan when commenting on China/ Aust relationship. Australia's ideology has not changed in the past 10 years but China has in its attitude and intimidation tactics. We know the Chinese Govt pulls the strings with SH. If their past performance shows us anything they have 3 options. One: SH will continue to dilute our share holding until the own it all. Two: Keep borrowing money from Mother and spend it on further exploration. Three: Do what the have said and start digging in 2023. My bank manager hopes for the latter.