Ann: Quarterly Activities Report & Appendix 5B Dec-17, page-2

Hello Fellow ACB Tragics!! Will be interesting to see the Acid Consumption Results - this will be great if less is required. I guess they are due anytime soon. Also, this talk of potential JVs to realise the value of Base metals - surely this is starting to get discussed more seriously by the BOD- and from my understanding - don't we have some pretty good contacts in China from the BOD and major shareholders. Things seem to be ticking along nicely - in general. As we all know - long term hold here - Great U asset. Would love to get in some discussions later on about the base metal potential and these JVs. Need to refresh myself with what we have etc. but certainly worth some consideration IMO. I think the narrative has always been "we are looking into it" but nothing has happened so far. Have a great day all. Speak soon.