Mallee Bull PFS, page-2

Hi Nij

Fair enough albeit one would expect the PFS soon given the Cap Raising was an important matter to finalise of late. 

I am guessing but I think it’s reasonable to expect the PFS outcome to be announced post raising funds (this time from all shareholders) and a bonus would be another positive resource upgrade from Apollo Hill ergo Saturn. 

These two pending announcements should be viewed as positive scenario’s unless there’s a difficult engineering issue otherwise unforeseen. 

I’m as keen as any to know what’s happening and also pleased that we can keep expanding the huge potential at Wagga and Southern Nights. 

Of late it’s been great seeing the AUD down and gold and Zinc much improved, especially Zinc. 

If the PFS study is positive the underlying matter will be how and whom will mine it and don’t forget we need a 

fair indication that an off take agreement is agreeable with a reliable partner.. maybe Toho Zinc or Glencore but I’m guessing again... what has been very encouraging is the look alike Aurelia, which I’d like to see us emulate!!. 

Cheers Nij and all! 

Sarg