AustSino Resources Group Limited ("AustSino" or the "Company") provided the following market update on the agreement with Sundance Resources Limited ("Sundance") and the noteholders in Sundance ("Noteholders") ("Sundance Agreement") as announced on 8 July 2019 and later updated on 6 July 2020 with the signing of a new extension letter agreement between AustSino and Sundance to extend the Sundance Agreement to 30 September 2020 ("Further Extension Letter"). On 21 July 2020 AustSino announced that it will still work to, within the next five business days, provide further evidence to Sundance that the required bank processes which need to be undertaken in order for the funding under the Sundance Agreement to be available, are being advanced.