prospectus, page-2

C&P

This Prospectus has been prepared for the purpose of Section 708A(11) of the Corporations Act to remove any trading restrictions on the sale of Shares issued by the Company prior to the Closing Date.

You will see something simpler on NKP, RMP, OGY. (Okap)

Generally in regards to escrow shares they want to get their hands on.
Not sure if there are escrow's here.

Always worth a good read as you generally find information you didn't know.

Going concern statement leaves very little doubt on more raising.

A number of court cases going on.

A subsidiary of the Company has received a claim from the liquidators of a
former mining service provider in the amount of ZAR 9,371,000 (approximately
AUD $1,035,000) in relation to services that the provider is alleging were rendered
to the subsidiary. The subsidiary has lodged counterclaims totalling ZAR
58,306,288 (approximately AUD $6,443,000) on the basis of the service provider’s
non-compliance with the mining agreement. At the date of this Prospectus, it is
uncertain what amount, if any, the subsidiary of the Company may be
obligated to pay or entitled to receive.

A subsidiary of the Company has received letters of demand from a service
provider in the amount of ZAR 4,723,000 (approximately AUD $522,000). The
subsidiary has received no substantiation for the amount and is therefore of the
opinion that this is an invalid claim. At the date of this Prospectus, it is uncertain
what amount, if any, the subsidiary may be obligated to pay.

A subsidiary of the Company is in dispute with a service provider in regards to
contract variation fees of ZAR 7,082,000 (AUD $782,000) claimed by the service
provider. At the date of this Prospectus, the subsidiary is in the process of
negotiating a settlement with the service provider and is uncertain of the
amount it will be obligated to pay.

The Company entered into legal proceedings with Crede CG II Ltd (Crede)
during the year relating to a 2011 finance agreement whereby Crede
subscribed for shares and options in the Company. Crede is claiming the ability
to surrender the options in the Company it received as part of the financing for
cash. Crede calculated the value of these options to be $3.7 million. The
Company is defending this claim on various grounds and the ultimate outcome
of this matter remains uncertain.