Ann: Market Update, page-2

Key Points
•Frances Creek processing agreement executed and equipment being prepared for mobilisation in February
•New proprietary equipment designed by the Company (patent pending) to support Elmore’s transformation into a contract minerals processor
•Coal Hub litigation settled for an ownership interest in a new rare earths company•Deal to jointly develop a Dolomite project at Francis Creek executed
•Agreement to provide consulting and processing services for Peko magnetite and gold project in Northern Territory executed
•Gold Valley Iron minerals processing agreement terminated
•Share Sale Agreement of NSL MRI (India) to Benita Industries continues to progress
•Biggs matter settled
•Bridging finance secured

All looks promising in my opinion.
Seemed to me that most here were expecting things to get worse but if all this is correct and happens things are looking up.