Ann: Mount Morgan Project Update and Option Extension, page-15

it's easy to forget how advanced the project was when the management change happened, very little material has changed in the interim when you look at design or offtakes, the major factors in determining the economics of the project.... no doubt a FEED has to be completed, however chasing incremental gains in say changing an ion exchange block within the plant from one supplier to another (GreenGold looks to be the same or highly similar tech to the CleanTeQ original for instance) hardly shifts the dial in project outcomes... let's build this thing! if the AISC ends up $50 higher, so be it, still a cash machine that was rightly identified by Pat and RB

still believe in this project, TJ and the team will get it to production as the underlying project is too good to not get financed, just a matter of patience