Ann: Funding Update for Mt Holland Lithium Project, page-7

Positives are that it eliminates doubt that the project can be funded (and no negative market sentiment as a result), and there wont be any increase in shares on issue.

Possible negatives, cost of financing might be higher than through a capital raising. Current shareholders cant increase shareholding through a CR that rewards LTSH.

Question, why have they used US LIBOR + 2%? How does this compare with other interest rates?

Some discussion in the announcement about these issues might have been helpful.

Having said that, very comfortable to continue being a LTSH.