Ann: Letter of Award for Kathleen Valley Hybrid Power Station, page-66

From LinkedIn......

Liontown Resources Limitedhas awardedZenith Energy Pty Limited.the contract for the supply of power to#KathleenValleyon a Build, Own and Operate (BOO) basis for what is currently expected to be the largest off-grid wind-solar-battery storage hybrid power station for a mining project in Australia.

With 46MW of emissions free power generation capacity, the 95MW hybrid power station is currently expected to have the largest off-grid wind-solar-battery storage renewable capacity for a mining project in Australia.

The thermal components are designed to operate in “engine off” mode at various times, enabling Liontown to operate from 100% renewable energy during periods of high wind and solar resource.

Zenith Energy will be incentivised to operate the power station in a manner which maximises renewable power, with a renewable energy guarantee expected to be included in the definitive arrangements.

The Letter of Award enables Zenith Energy to undertake planning, engineering and design works and order long lead items whilst the parties progress towards finalising a binding Power Purchase Agreement.

Liontown’s Managing Director and CEOAntonino (Tony) Ottavianocommented:

“We are delighted to partner with Zenith Energy, an experienced and highly competent power producer, following completion of a thorough competitive tender and commercial negotiation process. We believe Zenith Energy is an ideal partner to deliver an industry leading hybrid power station to meet Liontown’s energy needs and requirements for a high-capacity renewable solution. When fully constructed, this hybrid power station will enable Liontown to exceed our target of achieving at least 60% renewable energy at Project start-up and beyond.”