Ann: Sandpiper Project DFS Update , page-2

Rolling along nicely. Next DFS release, followed by environmental permits and land allocation. Both are commenced but not finalised.

Interesting quote in UCLs release re financing etc and the effort we are putting in on behalf of the JV:

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Ambassador Tonata Itenge-Emvula, the representative of Tungeni, the Namibian joint venture partner in NMP, said: “We are very pleased with the pro-active approach by the Joint Venture partners UCL, Minemakers and Tungeni to all aspects of the DFS, and most recently the debt financing and marketing, which has been led by UCL. The Project has advanced very quickly over the past 18 months as a direct result of the combined efforts of the Joint Venture team and consultants and we are now well placed to move to the next stage in the development of the world class Sandpiper Marine Phosphate Project.”