Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

Will find out who the beneficiary/s of this company is.

The Company advises that there is a risk that any production may not be achieved during the term of the first advance. Further, in the event Classic does not have the capacity to make any necessary cash repayment, AuResources will have rights under the security arrangements to take control of Classic’s assets to the extent required to secure repayment (Default).