Ann: Notice to Shareholders of General Meeting on 15 January 2025, page-4

this c/should have been their chance at redemption. The directors all have a ton of options at $1.05 (granted and voted for by SRK no less). What better way to make a ton of money for themselves but to actually make a sale that could have been at the same rate as the Arizaro sale? US$180m for 80% of a 4.2Mt resource is about US$160m for 90% of a 3.3Mt resource = more than $2/share = a lot more money for them personally than could be earned sitting and rotting away on directorships while they go old. not much of a retirement plan. they are still holding grudges from the failure of the 2008 Peru Iron Ore sale but are they seriously thinking that someone else is going to offer them that in the next 10 years?