The Board announce that as of 21 January 2019 the Farm-in and Joint Venture Agreement which was entered into by Brockman Iron and Polaris on 26 July 2018 has become Unconditional. The Farm-in Period has therefore commenced with the FJV Agreement becoming effective. During the Farm-In Period Polaris shall perform its Farm-in Obligations on the Marillana Project. Upon Polaris satisfying the Farm-in Obligations on or before expiry of the Farm-in Period, the Joint Venture shall be established (Farm-in Date). Following the Farm-in Date, the Farm-in Interest will be transferred to Polaris.