Ann: Monwezi returns positive Copper and Cobalt results, page-29

Yes, also my largest holding by factor of 3. I want to see some of our stronger cobalt prospects tackled this exploration season.

Strong cobalt drill results will be received well and significantly reduce our cost of capital for the overall project.

Specially as some of the other eu/ca/au "cobalt explorers" will have finished the charade by mid this year and I just assume at some point people will actually want to be involved in something real, in the worlds predominant cobalt producing district.

I will update the NPV on Kalongwe S1 / S2 and the exploration overview table in a few weeks when we get some guidance from management on forward exploration program and I get a chance to probe Adam Smits about some of my assumptions on S2. Adam been in Lubumbashi, Mark in Kinshasa and I believe they will be tied up at 121 / Indaba next week, so will have to wait.

Otherwise happy with our current metal inventory, state of progress, funding and backing.