Ann: Change in substantial holding from TRF , page-14

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    Prior IFE announcements Ian has provide an update, Stage 1 is actually broken up into 1a and 1b. As I understand things, exercise of the options will complete 1a inclusive of the DMS which will take IFE to stockpiling ore and converting to DSO. 1a will generate the $50million gross revenue. Regarding 1b, this is when finance is needed which as rightly mentioned is required in a few months depending on 1a progress.
 
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