Ann: Supplementary Prospectus, page-108

Hay Croc , Check this out , Your $1200 is looking a bit skinny? full grid power and higher prices improve margins substantially.

12 Month payback period !!!!!!

REVENUE LJ offtake has greater exposure to spot pricing.

Based on the recent Magnis Energy BFS (MNS)1 – Basket price for Lindi Jumbo is US$1,884 vs US$1,515/t as in the DFS2.

In theory this equates to:  US$369/t increase to the basket price.

 Additional gross revenue of US$14.76 million p.a. To be re-evaluated as specific sales are locked in.

• OPEX – General mine inflation will increase costs since 2019 DFS estimates, however approximately 50% of processing costs relate to power.

The substitution of grid power for diesel generated power will be a major costs saving.

This will be re-evaluated when Operational Readiness Plan is finalised.

• FUNDING COSTS – Currently for 70% of the Capex, the debt funding cost is zero.
The composition of final funding will drive final costs. Interest rates have increased which may increase overall cost of funds.