Ann: Sconi Off-take Update, page-238

Just some points on my mind:

In the latest proactive investors interview with Tim Maclean (after the resource upgrade), he mentioned 30,000m of additional drilling at Sconi.

- Does anyone know the reason it went from 50 to 30? Lack of funds, sufficient resource upgrade without extra 20 etc.
- Tim mentioned the upgrade would mean kokomo deposit might not be used in BFS2 modeling as there is now enough resource from the other 2 deposits. Any ideas as to the effect of not using the lower grade at and high transportation costs from kokomo.

Any idea is BFS1 included sales after the SK discount? I am assuming not, as option had now been exercised. I have a theory that in order to make the BFS2 more robust and secure funding, AUZ and SK agreed that SK wouldn't take up the option as this would mean that BFS2 may have to include the lower (post discount) sales figure. If that is the case it wouldn't surprise me to see a similar offer made to SK after funding is secured.