Ann: Response to ASX Price Query, page-2

REFER to Point#3 below... I think this is great news ...

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We refer to the ASX Query dated 20 May 2015 and respond as follows:
1. No.
2. Not applicable.
3. Further to the Company’s announcement of 17 April 2015, considerable progress has been made in
discussions with Standard Chartered Bank (SCB) in respect of the restructure of the Company’s existing
debts and refinancing (Refinancing Plan).
By way of update, the Company and SCB is now in discussions with potential third party financiers
around the terms upon which funding may be able to be provided to the Company. Such funding is a
critical element of the proposed Refinancing Plan, without which the plan will be unable to proceed as is
currently proposed.
Whilst discussions are underway and are advancing, there can be no guarantee that such discussions
will result in a concluded agreement or a binding offer of finance or binding Refinancing Plan.
The Company also notes that its Quarterly Report released on 27 April 2015 reflected record quarterly
production for the March 2015 Quarter and included a FY 2015 production guidance upgrade.
4. The Company confirms it is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.