Ann: Project Update - Bekisopa and Satrokala Iron Ore Projects, page-9

Silence on the strategic investor front is because the ASX doesn’t allow speculative announcements unless there is a binding agreement.

This delay is not negative, it just reflects that nothing is ever simple and things take time. It means that discussions are ongoing. A request for a bulk sample which I assume is investor driven, is a sign of serious investor interest.

I have also had enough of getting a flogging for the last 3 years but I don’t think it’s a reflection of the company, just economic conditions.

I’m optimistic that the strategic investor will be announced well before the next cap raise which will reset the valuation.

Until then stay tuned for some entertainment as drill results are released.