Ann: Response to ASX Price and Volume Query, page-9

I have been alluding/ waiting for this day for a while.

Whoever was holding the price down over the past few months decided to turn the switch today, and /or news has leaked of imminent announcements and that deals have been finalized, so the people who got intimae knowledge have advised their inner circle to load up.

Whatever the ACTUAL reason...the VOLUME today is confirmation that something very positive is coming, there is no guesswork required anymore.

After today there will be a lot of people reading up on EGR and compare to our peers MC and see how much value is left here, once the all-important LeaseAnnouncemnet droppes in, today's volume will be the new norm. I know many got edgy because this is taking so long but signing a 20-year lease is not as simple for a speculative ASX co with a few million dollars in the bank...all the other pieces need to be taken into consideration by the Government...therefore if one significant announcement dropped, we can be almost certain that the other 4 crucial announcements will follow in quick succession.

We have $0 value added in our SP for EPANKO
We have $0 value added in our SP for Battery Recycling
We have at least another $100mil MC to add to current MC if Lease and Gov loan are confirmed.
We have at least another $50-100mil MC to add to current MC once ext offtaker is announced for the remaining 50%, how much MC will raise will depend on the name of Offtaker and how much/if any $contribution.

All IMO...bu like I said, volume like today in a Co such as EGR does not happen without something very BIG coming up very soon.