Ann: LOI for Project Funding and Off-Take for Nicanda Hill, page-273

As ive said before ton is etting up well. It is nots tons turn to deliver on the reserves via drills and dfs. It seems ton has been a touch left field and circumvented the normal process i.e. to compensate for yhe fact its behind syr on drilling it is getting ahead of the others in offtakes and funding. Brilliant strategy as it doesnt get left behind. Notice both these ifftake ann are based on the product being a certain spec. Now its tons turn this potential to reality with the upcoming drilling program. When this occurs everything is set for a more permanent rerating.