Ann: Quarterly Activities Report, page-56

Hi Cocoman,

It is difficult to assess why the purchase of new EPLs takes a bit longer.

There may be different reasons.

Due diligence is one of them. Askari has to make sure that the legal rights on the EPLs are secure, land holders are consulted and of course the resource prospectivity of the EPLs need to be tested and proven to minimise risk.

We also do not know how many licenses they are currently reviewing and if there is a tender process how many other bidders are interested in these licenses.

Askari has a first mover advantage, but they probably want to seal deals for all or most EPLs of interest at the same time.

A lot of things to consider to get value for our money.

The more EPLs Gino is able to secure the bigger the value add to the business.

Let's wait and see.

Probably sometime this month to be announced?

K