Ann: Response to ASX Price Query, page-3

oooh yeah
As a result of these discussions, an attractive opportunity has advanced to the stage where, in the short
term, a confidential and incomplete non-binding indicative offer could be finalised. This would be followed
by a confirmatory diligence phase. The Company is engaging with the party and is well advanced in its
due diligence investigations in relation to the proposal and associated transaction risks.
The Company is separately progressing due diligence and commercial discussions for a material business
transaction, which could result in a nearer-term gold development asset, currently privately owned, being
combined with Sunstone’s two large gold-copper assets. The Company has hosted an asset site visit and
continues to engage with the major shareholders to discuss and evaluate the strategic rationale of the
combination.
At this stage, timeframes are unknown, and there is no certainty or assurance that any proposals will be
received or, if received, will be acceptable, either in principle or otherwise, or will result in a binding
transaction. The Company believes that confidentiality has not been lost in relation to the discussions
mentioned above, and the Company will provide further information when appropriate