Ann: Financing Update, page-24

From recent SDL ASX ann.:

Wal King, the Chairman of Sundance Resources said

“We are delighted to have Oleg join the Sundance Board. Sundance has demonstrated that the Mbalam Nabeba Project can be a globally competitive low cost producer of high quality iron ore. Oleg will add complimentary skills in international financing and operating in Africa that we need as we progress the development of the Project”


Oleg Sheyco:

“As the strategy of developing the infrastructure separately from the mines progresses this has further reinforced Wafin’s belief in the future success of the Mbalam-Nabeba project and we look forward to exploring the opportunities of equity investment into the Mbalam- Nabeba mines”

said Mr Sheyko.