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CORPORATE Kingsgate Consolidated Limited Quarterly Report For the period ending 31 March 2021 KEY ISSUES - ▸ The arbitral hearings under the Thailand Australia Free Trade Agreement ( that relate to the Thai Government's premature closure of the Chatree Gold Mine in 2016 ) were heard in full in Singapore , from 3 to 12 February 2020 . As previously stated , the TAFTA Tribunal has ordered that the proceedings are to be kept confidential , except where disclosure is required to fulfil a legal duty . ▸ Following the completion of the arbitral hearings , the Kingsgate Board maintains that the Company has excellent prospects for a successful outcome . ▸ The arbitral panel is not required to make a decision on the claim by a prescribed date in the future ; rather they have now retired to consider the matter and will render a decision in their own time . ▸ Kingsgate remains open to seeking a negotiated settlement of the matter with the Thai Government , and the relationship with the Thai Government is positive as evidenced by the release of the gold and silver sludge and the issuance of 44 SPLs last year ( See www.kingsgate.com.au for further information ) . CHILE ▸ The sustained rise in commodity prices has seen renewed interest in Kingsgate's Nueva Esperanza Gold / Silver Project in Chile . ▸ While there is no deadline for a decision , Kingsgate is methodically working its way through all the options available for Nueva Esperanza to maximise the outcome for shareholders . FINANCIAL ▸ Kingsgate remains corporate debt free . Cash at 31 March 2021 totalled A $ 13.3 million . Kingsgate Consolidated Limited AUSTRALIA THAILAND • CHILE