Ann: INVESTOR PRESENTATION - 121 MINING INVESTMENT LONDON, page-152

Hey @bucketofpennies, Baz got back to me yesterday. Confirming that AIS will contribute to mine development costs as per the % they choose if they trigger the provision. Also asked him about a couple of other things (the "Warrabatty" tenement and IGO progress):

"The clawback is at decision to mine so yes - they contribute according to their clawback (up to 50%). The clawback payment of the claw back % expenditure plus 2 times that expenditure.

Warrabatty is part of the state agreement so can’t be separate for the IGO JV and yes there is zinc up there. Not even had time to look at it to tell the truth. Another project in the “to do” tray of which we seem to have a lot!

IGO does not report because for them the results are probably not material. Our crew just have not had time to review the data nor compile a release for our purposes so hopefully in the next few months."

Hard to say what will happen here but at least we know the position now. Also hard to say what AIS will do. Decision for them will be some time off in any event as CYM needs to drill out the resource, redo the JORC, do a feasibility, get environmental approvals. Then decide to mine.

So I guess that is a lot of next year. Can't see mining at Maroochy until some time in 2024/5. But target is another 25,000 t to the production line.

Taken off the cym thread that have nifty be the old hands that know as straits had it at one stage