Qualitative Info: *Early stage metallurgical test work indicates...

Qualitative Info:

*Early stage metallurgical test work indicates that Maronan has very advantageous metallurgical properties including quite low power consumption for ore grinding and very high metallurgical recoveries. (Power costs make up a huge chunk of mining cash flow economics).

*The underground geotechnical conditions are believed to be excellent thus providing quite stable footwall and hanging wall rocks for lower-cost mine stoping.

*Maronan sits in the active Cloncurry mining district with potential access to gas for power, sealed roads and rail infrastructure to the coast and good potential water supplies.

*source - October 30 2017 Qtrly

^As an underground mining project, (taking into account absence of a full feasibility study), Maronan would appeal to an entity skilled & experienced in underground mining.

Bear in mind these types of projects can take years to structure to everyone's satisfaction to enable progress from a JV/financing POV, with commodity prices etc playing a key role.