Ann: Quarterly Activities and Cash Flow Report Sept 2020, page-6

The Market does not understand how good this is this is the perfect way to build a bullet proof Tungsten business. SEI is being paid to clear all the waste material left over after many years. The quarry business will continue to supply the massive road works planed for Nth Queensland and create massive cash flow. Even if the Tungsten price collapses other Tungsten Company's would shut up shop while SEI continues creating increasing cash flow from quarry activities. While all the time producing tungsten from the tailings and continually learning how to even reduce mining costs. Also planning at the same time on the most cost efficient way to mine the Tungsten from hard rock which is where the big money is to be made and is our end game. SEI is at a huge advantage over other Tungsten Company's in Australia the quarry sales offset the mining of tungsten costs while keeping the site clear selling left over waste rock. Even the greens would be happy with this. As the Tungsten prise should continue to rise SEI is perfectly positioned to finally deliver for its share holders. CHEERS