SPP Offer For the offer to each Eligible Shareholder to...

SPP Offer For the offer to each Eligible Shareholder to subscribe for up to $15,000 of New Shares at an issue price of $0.13 each, with one free attaching Option exercisable at $0.20 each on or before 28 February 2022 (New Option) for every two New Shares issued, to raise up to $5,000,000 before costs (SPP).

Placement Options Offer For the offer of 34,763,997 New Options to Placement Subscribers on the basis of 1 New Option for every two (2) Shares subscribed for by the Placement Subscribers under the Placement (Placement Options Offer). Loan Conversion Offer For the offer of up to 116,933,615 New Shares and 58,466,808 New Options to the Lender under the Loan Agreement (Loan Conversion Offer).

The issue of New Securities under the Loan Conversion Offer is subject to Shareholder approval at the Company’s General Meeting to be held on 22 March 2019. Related Parties Offer For the offer of 3,540,000 New Shares at an issue price of $0.13 each and 1,770,000 New Options to the Participating Directors under the Placement (Related Parties Offer). The issue of New Securities under the Related Parties Offer is subject to Shareholder approval at the Company’s General Meeting to be held on 22 March 2019.

Important Notice This Prospectus is a transaction-specific prospectus issued in accordance with section 713 of the Corporations Act 2001 (Cth). If you are an Eligible Shareholder, this is an important document that requires your immediate attention. It should be read in its entirety. If after reading this Prospectus you have any questions about the Securities being offered under this Prospectus or any other matter, then you should consult your stockbroker, accountant or other professional adviser. The Securities offered by this Prospectus should be considered speculative.