Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Exciting development

Luker,

This is my opinion. I don't think P.Smith will allow Pangang to invest in Magpie subsidiary that is co-owned with Sheridan, not Fancamp. So, there would be no dilution on FNC shares. There was a similar case several years ago.

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