Ann: Kathleen Valley Debt Facility, page-111

This announcement is good, as in saving our bacon going forward, however I don’t see it as a be all and end all. Personally I very much hope that emphasis will be put on this comment from the announcement “the Company is continuing to exploreoptions for a longer-term funding solution to provide future flexibility and optionality beyond the 3Mtpa basecase. It is possible that a longer-term funding solution could be implemented prior to any drawdown of theDebt Facility.” Simply because currently this sound to me like a bridging loan facility to keep us going for the time being, because the conditions having to be met very much sound that way as well. So I’m very much looking forward to “The longer-term funding solution” in due course! That then would be the time to really celebrate. Luckily LTR will “only” have to continue with what they are doing right now, that’s apart from ongoing negotiations, finish the mine and get it into production!