Dear Iconic Minerals Management,

please find below some complementary questions.

9) Qualified Person

With regards to the QP, who should verify St-George’s work and sign off the „Bonnie Claire Metallurgical Evaluation and Process Development“ report, did Iconic Minerals has any say in who this QP should be?
It is my understanding that St-Georges had retained the service of an independent firm, which then backed out (for whatever reason) after the CTO. While I am happy with Mr. Yves Caron as QP he obviously was not the initial choice.  

10) Mining Method

Your previous answer with regards to mining mehtods was not satisfying  It seems that the most suitable mining method or methods for this unconventional deposit is already determined by the groups involved but needs to be tested for economics. What are the next steps to test these methods? Is St-Georges Lithium Extraction Technology being developed in due consideration of possible mining methods or not?

11) Disclosure of Financing

Why is the company avoiding questions with regards to its financial situation or the source of the necessary „short term loan“ to participate in St-George’s private placement? Most likely it is a short term loan from a person close to the company, but is it not necessary to disclose such an agreement  in the financial statement?
The last time Iconic Minerals used a short term loan it was disclosed but not this time.

 „6. ACCOUNTS PAYABLES AND ACCRUED LIABILITIES (cont’d) During October 2016, the Company entered into a secured loan agreement for USD $100,000 with an interest rate of 12% per annum, repayable on or before November 4, 2016. The Company negotiated to extend the repayment schedule and repaid the loan at the end of the current quarter.“

12) Costs for drilling program

What are the expected „all in“ costs for the announced exploration programm incl. sampling / analysis etc. ?

Thanks

phobieeee