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The Investment Manager has a long track record of identifying and generating value from opportunities in the small resources sector, using its combination of seasoned industry, management and financial expertise in this highly specialised sector. The Investment Manager has proven time and time again it has the skills and network and the ability to source deep value resource investment opportunities globally, both in listed and unlisted companies, which may not otherwise be available to individual investors in the Fund.

Investing in the small resources sector is highly speculative. Please read this Product Disclosure Statement, including the risks described in Section 8, thoroughly before deciding whether to invest. If you are in any doubt as to the contents of this Product Disclosure Statement you should seek professional advice from your stockbroker, accountant, lawyer, or other professional adviser to understand if this product is suitable to your circumstances. Should you have any questions about the Offer or how to apply, please call us or your financial advisor.

Yours faithfully,

Michael Ramsden Chairman – Cremorne Capital Limited (Responsible Entity for the Lowell Resources Fund)