Ann: Contract of Sale Executed, Mt Carbine Quarry & Mining Leases, page-22

Good volume 6.5m today. We are likely to see those who expected more to be bored and move on, but it will tighten up.

Further to Taurus assessment which is true. Mt Carbine mine is the only one where actual tungsten has been used commercially. VML, KIS and TGN haven't take a tonne of commercial tungsten yet and they each have their own individual issues.

Another thing to note is the purchase of the head lease will remove a royalty payment which is likely to pay for itself over the first few years. In the 2012 scoping study which gave a NPV of about $150m. It had a 2-2.5% royalty payment. That will now be saved.