• Exploring the submission of a potential Residential Development Application (DA) for the Bowen Hills QLD properties in addition to e he mix use DA, approved in 2021, to provide the Company with additional options with regards to the best use development of the property. This may result in a Joint Venture, Sale or continues hold for the properties.

• The company has also been approached by several parties seeking either sales or Joint Venture, for the Warnervale West side property. These discussions are at an early stage and it is not envisaged that there will be any developments in the next half year.

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Further information on our business can be found below: