Ann: Shareholder Update , page-36

Insidemoney,
The notes in the half-yearly said:
1. The Company expects to receive $6m from Monash Capital Group in settlement of the Share
Placement Agreement in tranches over the period March to May 2013.
I EXPECT THE IMMINENT ANNOUNCEMENT ON THIS

2. The Company is planning to convene a general meeting of shareholders in April 2013 to seek
retrospective approval of placements and other issues of securities that had not been already
approved by shareholders.
I EXPECT THE IMMINENT ANNOUNCEMENT ON THIS

3. The company is in discussions with various parties to secure on-going working capital and funding to
build a Coldry Commercial Demonstration Plant (CDP)
I EXPECT DELAYS AS PREVIOUSLY STATED ARE A FUNCTION OF RISK MITIGATION/OWNWERSHIP ISSUES WITH MONASH BUT I EXPECT AN IMMINENT ANNOUNCEMENT OF PARTIES WHO WILL BE OUR PRIVATE FUNDING PARTNERS AND THEIR PARTICIPATION %. I SUSPECT YOUR RIGHT IN THAT THE ABSOLUTE % AND PARTIES INVOLVED IN SPV IS DIFFICULT WHEN GOVT FUNDS WON"T BE KNOWN UNTIL JUNE. HOWEVER YOU"D HOPE ECT AND THEIR LEGAL ADVISERS CAN COME UP WITH A TERMS SHEET THAT FACTORS IN AN ESTIMATE OF GOVT PROBABLE %