Load of ann's next week..., page-8

Avanco royalty contract - In October 2013, the Company entered into a royalty
agreement with Avanco Resources over its exploration licenses within the
world-class mineral district of Carajas in Brazil. The Company will provide
US$12 million in return for Net Smelter Return (net revenue after deductions
for freight, smelter and refining charges) royalty payments comprising 2% on
copper, 25% on gold and 2% on all other metals that will be produced from their
Antas North and Pedra Branca (Stage 1 and Stage 2) licenses. In addition, there
will be a flat 2% royalty over all metals produced from any other discoveries
within Avanco's licence area as at the time of the agreement. The purchase of
the royalty is conditional on the publication of a JORC compliant reserve
statement, the receipt of a mining license for Stage 1 and will only be
drawn-down in parallel with debt draw-downs. It is expected that this will take
place from the middle of 2014.

Well here we are middle of 2014

all going to happen anyday now
BR are also waiting just like the rest of us for some promising announcements