[Nick Hargrave]

I took part in MKA’s conference call re the DFS this afternoon. 3 key points / quotes:

Expecting the mining development agreement to be signed with the government “in the very near future”
Had been planning to finance Songwe and Pulawy as a combined project, but seeing enough financing demand that they are exploring financing Songwe on a standalone basis
Current high costs of reagents and transport included the DFS NPV which they hope to improve on in the future. Lots of additional upside from Pulawy to capture additional processing margin