Ann: QUARTERLY ACTIVITIES REPORTS - PERIOD ENDING 31 OCTOBER 2015, page-8

Chris,

Agree, a deal will be done. All part of the normal commercial/ business negotiations on Native Title, which causes delays.

This was the number I was looking for last night but could not locate until this morning (400,000 ordinary shares issued to the Adnyamathanha people as a result of the MNTA for Portia and North Portia):

"On 23 February 2011 Havilah Resources NL issued 400,000 shares and 100,000 options to the Adnyamathanha people as a result of the Mining Native Title Agreement with them, dated 1 May 2008, in relation to the Group’s Portia and North Portia gold projects. The shares were issued to Rangelea Holdings Pty Ltd (as trustee for the Adnyamathanha Master Trust). As set out in the agreement, the shares are held in escrow until 1 August 2012." (Havilah 2011 Annual Report, page 42)

Cheers

These are only my random thoughts and it does not constitute investment advice. DYOResearch.