5. We made significant process on environmental approvals during the year. However, it is a lengthy process
which every mining project needs to go through. Delays can be frustrating to shareholders but we have a
strong team on this exercise who remain hopeful we will make significant progress by the end of the calendar
year to achieve our approvals. This would allow us to move towards a Final Investment Decision and is likely
to be the last key outstanding matter before the Project construction is officially underway.
The Company has effectively committed to the Project through the commencement of ordering of long lead
items in order to maintain schedule.
They are heat up the steam, locomotive boiler, as soon as the permits are there, the kettle whistles and the journey officially begins.
Construction times, page-2
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