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JohnCM

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JohnCM

Re: None

Friday, 05/18/2018 7:32:40 AM

Friday, May 18, 2018 7:32:40 AM

Post# of 51
Liquidity risk

It is anticipated that the Company’s existing cash balances, cash flow from operations, existing credit
facilities and advances from Glencore will be sufficient to fund the operations, capital expenditure, the WOL
Project and the Power Project (refer to note 20), for the next twelve months. Glencore has indicated it will
provide or procure the additional funding required while the Company continues the planned investment in
ongoing processing plant upgrades, the waste stripping at the KOV and Mashamba East Open Pits and
any other operating activities.

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