Class Action on ELE - Anyone Interested?

Was any of this true???

Managing Director’s Comments

Elmore’sManaging Director Mr David Mendelawitz commented: “In approximately a yearfrom

executing the contract to manage Peko, we have re-designedand built the plant, secured

logistics and support plant and equipment, commissioned theplant and brought it to being

fully staffed and running 24/7, secured an off-takeagreement and now receiving first revenue.

There remains little that we need to do to hit the fulltargeted rate of production of 350,000

tonnes per annum, and we anticipate soon bringing on copperand cobalt, followed by gold

production.

Given the headwinds of COVID lockdowns, supply chain issuesand labour shortages, I think

we have done extremely well for a small developing Companywithout the balance sheet that

would have given us comfort through this journey. I amlooking forward to strengthening the

balance sheet as production of magnetite and other mineralslifts over the near term.”

END