Ticking boxes, looking good, page-21

So Sheffield is now in the window to receive their mining license, as the required time has passed since the NNTT decision being handed down to allow for a final appeal from the KLC / traditional land owners. Which has not taken place (nor should it if the group has agreed to formal terms for compensation) & is a great result for the business!

Bridge Street Capital and Blue Ocean are both hopeful (Iam not going to say expecting, as you can never expect an outcome by a Government on a fixed date) that the business will receive this as early as this week. One would expect this is now a matter of formality since the Federal Government has approved the NAIF $95mil facility.

Looking forward to this major milestone being achieved.

I understand that Blue Ocean also road showed with the Bruce last week in Melbourne and Sydney, whilst he visited Canberra to collect the $95mil cheque from the Government. My guess is buy the looks of the demand size volume trying to get set, it was well received by the institutions and we can expect them to further participate on market as the Federal environmental approval and mining license is granted.

Last thing to note, Blue Ocean as of Friday now has SFX (which is their #1 pick in the mining space) formal on takeover watch.

The party is only just getting stated!