Ann: MD's presentation to AGM, page-7

Chairman “In early 2019, we will also be considering the payment of a dividend On completion of the 2018 accounts.”

The new points that I picked were that there are still pockets of gold, and that Chairman wrote that production of gold has been increasing (I thought that it was going to be less). Also that it seems a little more likely that the pumped Hydro may go ahead and again that they may write off some ore at Kanmantoo deeps for Hydro benefits.

Disappointing news for me was delays in starting drilling Kanappa until Q3 2018. “Drill ready targets Q4 2918” per geologist. So drilling may not start till 2019 with any results not till later in 2019 I’d suggest. However, prospect seems better defined and explained, with potential for good results. And that previous “single HGO drill hole” was outside their new models of suggested high potential, if/when they do eventually get around to drilling Kanappa. SP will presumably kick if they hit some good grade copper and gold. Interesting concept of a cluster of UG mines, but then the higher potential ore prospect’s length is 2 km long. And 250m wide

Also interested to note the zinc/bismuth I hadn’t appreciated previously, and again the model of changing to gold mining out to the East. Quartz-carbonate surface veins mentioned.

Mt Rhine 1.7 Km long and 500m wide and more gold with associated copper than Kanappa.

All suggests to me that SP won’t do much for a few months yet (until news starts to leak out about some new positive announcement.) Or until closer to timing of any possible div announcement.

Different drill dates on report, so can someone at the meeting clarify please.