No too many changes in the major shareholders. Probably the main...

No too many changes in the major shareholders. Probably the main changes:

- CEO of Archer, is no longer on there (he had approx 500k shares previously). Not a major surprise given he chose to divest the mining assets from the business. He may still hold shares though as 500k was at the lower end of shareholders.

- The major addition to the list is Mr Kenneth Hall, who is a wealthy private investor from WA. He wasn't on there originally but now is the 7th biggest holder. He is in the top 20 shareholders of IGO, which would be worth tens of millions. Seems to be very astute anyway.

Most of the other major shareholders have remained the same, with a few changes in volume but nothing major.

If we get some positive met tests, that give us the green light to progress the project, i think ultimately we will be looking to do a cap raise at some stage to develop the projects (obviously at a much higher valuation!). Personally i think this would be helpful, get some bigger more pro active investors involved that can really help drive the project forward. Also aggressively progress both Kaolin/REE and Graphite projects.

Anyway met results shouldn't be too far away.