Ann: STATE DEED and MINING AGREEMENT M09/166 and M09/168 SIGNED, page-4

Not sure where even to begin. Once the minister approves then the $20m sale to brilliant glory will go ahead (that's why Brilliant Glory has been funding whilst we go through native title). Of the $20m (less any loans) only $2m will be retained by the company therefore ~$18m will be distributed to SHs. There's only 217m shares on register of which Brilliant Glory holds 40m, not sure if they will share in the dividends, I assume so, but I hope not, we will need to know the final details of the mine sale agreement.

Also, there are other tenements in the region being drilled which I do not believe is part of the share sale agreement (need to confirm). With native title granted and a cash up backer can possibly again assume another mine sale. Either way we will be cashed up exploration company with a tight registry, who knows we might even acquire some lithium/cobalt tenements.