We have the first of two Noble directors onboard to take care of...

We have the first of two Noble directors onboard to take care of their prepayment loan, making sure the money is all spent in useful items that help with the production or in the worst case to be sold to repay the loan. By saying this, I mean we have a a supervisor that has similar expectation like us, getting the mine up and run ASAP and don't waste the cash.

A good quaterly with some mine equipments on site and the processing plant is in transit. Reading back, technical review was done by Noble or independent on the Mansa manganese before KAB could have the loan. We have certain confidence on getting the required grade via minimal processing (staged crushing). Two big things missing for a typical mining project: JORC and trial mining. They decided to do them while producing and exporting the ores. For sure, we want those done and derisked before mine development but if Noble see the risk is negligible for the loan, we probably have the same view.