Ann: Initial Placement Funds Paid to Sundance Resources, page-4

The initial payment of $250 K is not the most important milestone.

More than two weeks after the announcement of the deals, ANS and WAPRC are still not able to convince the ASX about WAPRC capital structure and source of funds. This is a concern.

Extract from the announcement.

Sundance’s shares will remain in suspension while AustSino(also in suspension) responds to the ASX’s request for further information onAustSino’s corporate transactions and the capital restructure that will allowAustSino to make its strategic investment in Sundance – see the AustSinoannouncement to the ASX on 25 September 2018 for further information.