Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

To aggregate or not to aggregate.

Yes, MIPSA stated that they do not anticipate entering into any contracts for aggregate. However, do not be misled by this statement. A contractor bids on a project. If the contract is let then they proceed with the work. They buy aggregate from whomever they choose. (i.e. Sacyr will buy materials as it sees fit. So will all other contractors.) 90% of all work will be done by contractors not by MIPSA itself. In addition, when you want to open and aggregate quarry you do not just start digging a hole. There are permits, rules, regulations, etc., etc.. Finally the government has committed to infrastructure improvements of several billion dollars all within 75 miles of Molejon. PDI/PTQ will have a market for its aggregate, that is essentially cost free as a by-product of the mining activity. NON-ISSUE.