Key points:? Agreement to extend settlement of the acquisition...

Key points:
? Agreement to extend settlement of the acquisition of outstanding minority interests in Mashala Resources to 30 November 2012, with further extension to 28 February 2013 negotiated
? Binding offers due by end of the current quarter for a significant direct investment and acquisition of all or part of the Company’s South African coal assets
? First draw-down of ABSA Capital debt facility for the Penumbra Mine development expected to be made from 1 October 2012, with the Company then no longer required to contribute further capital to its development
? Sale process of non-core assets continuing and forecast to be completed over the next three to six months, and
? Annual corporate costs forecast to reduce by 60% to A$3.6m in FY2013 from approx. A$9m (excluding SIOC-cdt transaction costs) in FY2012