The objective of the PFS, which is scheduled to be completed in six months, is to provide sufficient information for Wanbao to make a decision on its future participation in financing and development of the Kalkaroo Project (The MOU is non-binding in terms of any further investment beyond the PFS at this time). Havilah has agreed to provide Wanbao with a period of exclusivity for the duration of the PFS study plus an additional two months, until approximately the end of January 2018.