Tin 2018, page-40

Email to MD Peter Blight and reply,kind regards, SEAH.

Hi Peter,

congratulations on receiving the mining licence....a big headache resolved and the next link in the chain towards production.

drilling has already started?, and samples have been collected and sent off for analysis?, when do you anticipate we will start receiving news of the results of this analysis of the initial hole(s)?

at this stage, planned stages are still on track with an aim to start mining in early '19....or late '18?,

with LME warehouses at 15yr lows it is suprising the Tin price has not moved much higher at present, but this situation can only continue so long and with another Tin production deficit relative to useage predicted for '18, then you would expect continued price appreciation of the Tin price going forward.

with SRZ's resource ony approx. 18km from Renison Bell....has there been thoughts around a processing deal with Renison Bell and trucking ore or this is simply not viable due to the percentages of contained product in the mined material?,

do you think Metals X and its partner will make a play or attempt to partner with SRZ and but are waiting for further proving up of the resource, ie. drill results,

kind regards,

Dr Scot Plummer BVSc(Hons)

Hi Scot,

Yes getting the ML was a great outcome for the project.

Drilling has started and is going as planned - not sure how long it will take to get results
as we are just starting the program and lab response time is untested. In the past it has taken 3-4 weeks from the end of a hole.

I agree with your comments on the tin market - in a more certain macro environment I would expect a much higher tin price.

We continue to engage with MLX but there is nothing to report to the ASX - according to their releases they are engaged with their own expansion plans.

Regards
Peter