Ann: RIU Sydney Resources Round-Up Presentation - May 18, page-17

"Of course they would have mined Alacran given the opportunity!" .... Im not saying they wouldn't have begun to set up for mining Alacran, however Gaucau says they would be mining Alacran already if it wasnt for Teck... there is no way Azure would be mining at this stage... Oposura was their original main flagship project, Alacran was second to Oposura originally... my main point though, how would Azure be mining Alacran already if they cant even contemplate mining Oposura or Sara until the end of 2019, the snail pace management would have been lucky to even have the full results in for Alacran by now, let alone mine Alacran, that was my point...

in the latter statement, yes I admit I have worded that wrong... Teck always had the buy back in option.. actually have always known that, have no idea why I worded it like that... in truth its my frustration... my apologies for the latter....