Ann: Change in substantial holding, page-41

Hi PF

A huge day a milestone made in an essentially different manner, ergo set of circumstances, which makes today even better than when a prior highest share price was achieved.

Why so good, ok absolutely number one is our 100% ownership of massive sulphide tenure, and massive scale, with mind boggling grades, and vast scope to grow tonnages.

Two, this time buying is from intelligence by industry players who know why things are so valuable i.e. not a trading angle where both Acorn Capital and Platypus ramped up the Sp when our famous Mallee Bull was heralded.
Bear in mind then no Wirlong, Silver Ray, Wagga Tank etc etc... and shares hit .73c then.

Three, metal prices were flat and less sought, whereas a broad consensus says that 2018 will be a year for a massive uptick in demand for many of the main metals that we’ve now found this clarified.

Four, Mallee Bull PFS yet to come, Wirlong results to come, JV intentions to be clarified and as mentioned we have genuine major investors on the register whom have openly described their investments as “not passive”...

Five, latest advancements include Fenceline to revisit (hope it’s another Wagga Tank) and the Talisman JV where there’s already a broad core of 7% Copper.
Rob and the team must to be congratulated on their dogged persistence and clever project identification and prudent purchase decisions.
Without ramping and after speaker with those “on the ball” it is IMO that most are now very confident we that have the “real deal” with several projects at the cusp of major mining expansion and or commercial development.
Sarg