Monax Bright Future, page-7

Fully funded,

Antofagasta PLC (FTSE 100: Market cap 8.01 bn Stg,) is the largest shareholder,

Drilling commenced on Parndana (100% Monax) base metals project (ex: Havilah from IPO!),

Millers Creek: Designated Project (with Antofagasta) (Copper-Gold),

Punt Hill Project (Copper-Gold): Chilean major, Antofagasta reaches 51% earn-in for Punt Hill Project,

Phar Lap Project (Copper-Gold): Memorandum of Understanding signed with Antofagasta for early stage exploration.