Ann: Updated PFS-Urquhart Bauxite Project, page-9

The Company remains confident that it will finalise negotiations to enter into a binding agreement with the Stakeholder over the grant of access to build a haul road connecting Urquhart to the barge load facilities at Hey Point, with recent progress being very encouraging. Following the granting of the mining lease (see ASX Release 3 January 2018) the Company escalated the current (haul road) impasse to the highest levels of the Queensland government. Senior Queensland government officials have increased their efforts and are negotiating with all parties directly to assist the Company. They remain committed to securing production from Urquhart at the earliest possible time.