Ann: Mt Bevan Magnetite Joint Venture Completion of PFS, page-17

Hello Trees,

As has happened over on the LCY threads the paragraph as you have quoted it from the Mining News article which appears on the Hancock Prospecting news page is incorrect and therefore misleading.

The word “ownership” does not appear in the article yet you have included it in your post.

Until there is a formal announcement from the parties concerned that the Mt Bevan magnetite ownership percentages are to be changed it is confusing to adjust the Mining News article.

The outcome you are suggesting may well happen at some stage I readily concede but for the whole history of Hancock’s involvement there has never been any new deals made between the parties concerned without secrecy beforehand and announcements made to the market only when formalities are completed.

Perhaps there will be some clarification in the imminent quarterly about the next step in the JV.


Keep the faith,

Redtank.