Ann: Response to ASX Appendix 3Y Query, page-3

Mr. Pooley is in deep shit and SPQ is in the clear. Mr. Pooley made this transaction without permission and prior knowledge of SPQ . SPQ had followed protocols by issuing prior policy to him as a director. Mr. Pooley appears to be under personal financial stress and elected to sell his holding on his own bat without consultation as I interpret the announcement.

Can't see this affecting the company operations, just a thing most business deal with at a staffing level, on a regular basis despite him being an interim direction. Mr. Pooley is easily replaced as an interim director for specialist guidance given the resource looks fantastic. All's well that ends well, and is insignificant compared to a Covid issue from left field putting a spanner in the works with many overseas mines ceasing activities due to a lack of staff and workforce.