Ann: Operating and Corporate Activities Update, page-30

Tosh to the downrampers.

The Operating Update was detailed and clear. Quality salts are coming at volume. Process tweaking, not system replacement.

Farmer Freddo, do you have a sense of WA demand for Potassium Sulphate? If a new style fertiliser becomes available, trucked past the door, intelligent farmers would consider this additional soil chemistry tool.

Here is K without NaCl and with bonus Sulphur. Mmmmmm. In theory, striking productivity gains are available on K deficient land, S always welcome.

Most of the gains will accrue to the land, yet KLL ought to be able to command premium prices for a superior product.

Cap raise will come after price recovery on production actuals.

I bought at 6.1c in the closing auction 30 June. Plenty dry powder. Make my day.

Ash