Fortunately, Panada Hill has ongoing and active negotiation and...

Fortunately, Panada Hill has ongoing and active negotiation and discussion with the Tanzanian government (via its Special Negotiating Team) to progress the project. While this progress has been slow it does have momentum. I have been advised that there is a genuine and positive sentiment to see the project progress as the Tanz government will be beneficiaries and stakeholders in the project. The key issues have been to agree upon the correct operating and corporate structure that will allow funding and the appropriate risk/reward. We will provide updates as things are finalised