From the Independent experts report.( I expect both Cockatoo and...

From the Independent experts report.
( I expect both Cockatoo and Irvine to have a bond )

Timeone and Pluton will enter into a funding
agreement under which Timeone will assist in funding Pluton to enable Pluton to:

* place environmental bonds associated with the Cockatoo Island Project;

* provide working capital to Pluton to commence Stage 4 mining operations of the cockatoo Project;

* settle the purchase of the Cockatoo Island Project; and

* finance the development of the Irvine Island Project (see 5.1 below).