On December 18, 2015, Magnetic Resources NL announced that on 1 December 2015, by a notice dated 30 November 2015, Jan Gerhard Haank, Li Chiao Chen, and George Sakalidis withdrew the request to hold a general meeting and provided a replacement notice seeking the appointment of George Sakalidis and Julien Sanderson as directors of the Company and the removal of Gavin Fletcher and John Blanning as directors of the Company.