Ann: Investor Strategy Day Briefing, page-18

Hi Triage,

You are correct nameplate on stage 1 is 17kt, but they have only been able to do 12kt so far (they may do better down the track), Stage 2 is 25kt as well.

If we assume they actually do hit nameplate on Stage 2 we have 12kt + 25kt x 66.5% = ~25kt to AKE.

I don't know why they keep putting in the 100% share of Olaroz in all the reports and then make us do the maths, just tell us what AKE's share is.

Thanks.