All prospecting rights are held in Sekoko's name until a section...

All prospecting rights are held in Sekoko's name until a section 11 ruling is passed in terms of the MPRDA, this transfers ownership of the rights to the new entity (FSE). As far as i am aware thsi is the current state of affairs, otherwise an ann. would have been made.

The Mining right was applied for under Sekoko and will also need to be transferred under a section 11 after it has been granted and registered.

As far as i can read from the ASX ann. the IDC funding was granted to the project is Sekoko's name. I also believe that all the negotiations with Eskom and others are being doen by Sekoko.