Ann: Placement - SPP - Commencement of Stage 2 works, page-81

Most important info we have been presented today;

- JZ and PA will be in China to discuss a potential partnership with 1 of 4 parties.. to discuss investment OR funding by Prepayment.. Prepayment could be anywhere from 5 - 15% on a potential 5000t LCE off take imo... do the math

- Company will also be discussing potential for Stage 3 propositions (funding, off-take, partnership or other value-adding commercial agreements)

- Company is going to progress ahead with stage 2 ponds and deliniate for JORC meaning that larger institutions will be more comfortable investing in AGY and we will have a clear idea of the scale of our holding....

- Also PA heading to China.. Perhaps Qinghai lake discussion.. more value adding for AGY and PA JV

Screw the CR, this is the news we should be discussing. We are still looking for more land too....