UK Investor Meeting / Presentation Notes, page-10

Thanks Paul,

Nearly every sentence of your post contains matter of significance and combined. - wow!

Extremely interesting that Chris C. approached TON of his own volition, it will be interesting to see the direction funding takes from here.

A width of 1.5 ks at NH North in the weathered zone is wider than I had realised.

The Vanadium interest (for me anyhow) is out of the blue.

Ancuabe doesn't have to prove up a large resource to be of great value to the Company if the initial met results hold up in further drilling.

Then there is Balama South, and, whatever happened to the Nacugi Trend?

Lots more boxes to be ticked, but looking very solid at this point of development after reading your report.

Thank you for your excellent work over the past couple of years or so, I haven't had a lot of time over the past few months to read HC, but I do appreciate the work you and others put in.

Don.