Ann: Sol Plaatje Update, page-21

Hi Goldmember

Can you explain what you mean by this? "It could be $1b a year in revenue. It doesn't matter if your spending more than you make. operating costs in the last 1/4ly were $300k - that's unsustainable with the current production targets."

Payment of the $170,000 was for production up to Novemeber. Production increased in December and should continue to increase which should see far greater cash flow. But yes, until we actually see the $$$ doubt will remain over the ability to generate cash from SPP.

There is a formal agreement with the contractor. They are looking at ore tonnes outside of the initial scope which are lower grade and under the existing agreement there is no incentive for the contractor to perform this work as they are not likely to see much, if any, profit.