Ann: Vango Secures New Strategic Shareholder, page-24

Hi Bungendore. Penrice won't have to wait 6 months. We’ll all know within two months as to how the newly structured Company is performing. They have stated a strong commitment to the new ‘Company plan’ and with that being the case the I would expect the 2018 March Quarterly to say that the de-watering of K2 has at least reached the stage of having the bore pumps fitted. VAN announced In November that the Company’s Project Manager Peter Hepburn-Brown has developed an updated de-watering programme which is planned to commence in early Q1, 2018. The new de-watering programme will comprise up to three bore holes which will be drilled from surface into the old underground workings at K2. Borehole pumps will then be installed to facilitate the de-watering via the boreholes. Drilling up to three bore holes to approx. 250 metres is not a huge job and with the drilling starting in early January the bore pumps may have already been fitted by now. Nothing less than that would suggest nothing has change in respect to the company’s priority level toward the development of K2. I don’t hold VAN but have a strong interest as a shareholder of DAU.