Ann: DFS Refresh Significantly Improves Mulga Rock Economics, page-20

Makes sense for KAP to preserve pounds they have in the ground if it can be realised at a better price, I think the days of KAP mercilessly dumping on spot are gone, westernising their MO will serve both them and the whole U sector in the long run.

Conference call focussed mainly on flexibility of the DFS to financial variables. FX etc

Q&A interesting: Vimy looking at the possibility of partnering in some form to take the project forward. Early days

Also a lot of interest from o/s investors so they are looking into listing on OTC market in US which should become available in the first quarter 2021.

I was a little distracted by another trade so couldn't take notes.