Ann: Trading Halt, page-73

one of my key takeouts

This highlights one of the major challenges, namely raising the funds to establish a Qualification Plant, c.A$25million and then the c.A$130 million for a commercial scale plant. The Company is exploring a range ofoptions to reduce these capital costs and fund the overall downstream business. This includes possiblestrategic partnership with co-investment, potential grant money or possibly acquiring a related downstreamenterprise with cash flow and customers to “cornerstone” the build-out of a business similar to that outlinedin the Scoping Study. This process has been in progress for some six months and with A$4.2 million cash athand, as at end of May 2019, the Company is sufficiently funded to advance its activities including theunderlying downstream Feasibility Study and financing discussions over the next 9 to 12 months.

GLTAH