Ann: Quarterly Activities Report, page-4

Interest from a number of international steel mills and potential off-take partners has been high. These parties recognise that the Mbalam Project is a potential long-term source of high-quality iron ore products and they have already provided valuable feedback on the development strategy for the Project. Don Lewis 4 November 2008.

Discussions underway with potential strategic partners concerning financing and off‐take. Giulio Casello 24 November 2010.

Sundance Resources Ltd (ASX: SDL) is pleased to advise that it has received a strong response to its call for tenders to finance and build the rail and port infrastructure for the Mbalam‐Nabeba Iron Ore Project. In light of the tenders lodged by international Engineering, Procurement, and Construction contractors (“EPC Parties”), Sundance is confident that an agreement can be reached for the provision of this infrastructure. Giulio Casello 19 December 2013.

The Company has seen increased interest in the Project from third parties during the quarter, especially from infrastructure engineering, procurement and construction (“EPC”) contractors who are considering a role in building and assisting in obtaining funding for the Project. Giulio Casello 31 October 2017.

Pathetic!