Ann: Results of Meetings in Wuhan, China. , page-2

Ok, some more refining of the PFS to be done following talks in China, but we have waited a long time & they have said it will be completed in 3-4 weeks. Ross mentioned in Gladstone that the Chinees wanted to truck coal from rail yard & not conveyor, small things like that are where we are now.

"As a result of these discussions the parties agreed to refine details of the PFS to be included in a revised study, which will be completed within the next three to four weeks. The Company is now preparing for meetings with
potential customers to be held in August, with the intention of securing conditional off-�‐take agreements".

If the parties can secure off take agreements, that will be the big positive & all but cement a finance decision & go ahead late in the year.

Boulder have said EIS will be complete & submitted in Sept.

We are at the pointy end of the deal now & I know Boulder are doing all they can to see it get up.

Will still be watching volume traded o/s on BGDF for indications that the deal is done.

DYOR all the best