Ann: Operations Update - Granville and Taronga Tin Projects, page-115

Boys and girls, sadly I am out with a loss on this one. I had gains here last year so the loss is offset but still a loss.

For me the lack of delivery. Constant inability to focus on the one thing, chasing irrelevant exploration, lack of water in NSW (making Taronga not viable in the medium term) and now the problems at Granville are all a nail in the coffin for me.

I waited too long and I saw some of those signs a while back but I had too positive bias. So I paid the price.

Noting these factors I think ANW will be put on care and maintenance at the best case. Worst it will be wound down.

Good luck to all who choose to remain here. This is now an uphill battle against all odds and with head wings.