Ann: Quarterly Activities Report & Appendix 5B, page-3

Panton PGM platinum. palladium. rhodium Project. 100 % ownership of highest grade Platinum Palladium Project in Australia. Palladium and Platinum used mainly in catalyctic converters. Critical metals for emissions control. Vehicle loading of Platinum and Palladium has increased in a major way as tighter emission controls have come into place. Major demand which has resulted in higher prices . Rhodium is a key ingredient in every car sold in the United States since around 1975. Closed mines and refineries created a huge deficit in rhodium, palladium, and platinum supply even as demand was increasing around the world. Great potential and this sector is no fad. Solid close on its high of the day.This is Primed.