2008 - Wigu Hill prospecting license granted to MON, exploration...

2008 - Wigu Hill prospecting license granted to MON, exploration commenced
2015 - Wigu Hill retention license granted to MON, valid for a further 5 years
2017/18 - legislative changes enacted by Tanz Gov (retention license classification to be abolished and ownership returned to Tanz Gov)
Dec 2019 - Tanz Gov placed ground covered by abolished retention licenses up for public tender
Jan 2020 - MON served a NOI to Tanz Gov AG to seek compensation through international arbitration
Jan 2021 - MON lodged 'Claim to Arbitration' with ICSID (World Bank entity) - to pursue right to compensation

MON has a mining license application over ground formerly covered by the retention license

Jun 2019 - MON signed a LOI with Cheetah to purchase Wigu Hill rights, initiated with a non-refundable $100k payment

Cheetah are to fund a $500k technical/legal DD program within 6 months of mining license grant and have an option to acquire 100% interest in Wigu Hill for a further $1.1M (MON to retain a 1% net smelter royalty).

Effectively, VML do not own Wigu Hill.