Ann: Drilling update at NTiola, page-333

The tax issue is a non event, every company that operates in Mali are subjected to the same rules regarding the three year window for the tax authorities to challenge their tax returns/filings. This is not just an FFX event, it relates to all companies operating in Mali's jurisdiction. We simply came on their radar with the change of ownership event which had them sniffing around. Alistair has said he is very confident that the 'gold' part of the tax investigation is a non starter (confirmed by Barrick) and this makes up the bulk of the "underpayment" perceived by the Malian tax department. The other component is tax on wages etc which is a smaller niggle and if there is a shortfall there it will be easily dealt with our tax credits. I have a feeling the Malians rushed into this matter as the deadline to challenge the 2017 tax return was fast approaching , so they cobbled together a quick challenge regarding our 2017 returns to extended their time frame.

This will have no material effect on our cash balance , at worst case scenario we loose some tax credits moving forward. But just remember you only pay tax when you are a profitable company raking in millions for our golden gorilla..........................so..........

Hold them tight people................very interesting times ahead.........................oh and we have a lithium resource that has the big boys drooling in our data room.

All imo and DYOR