FMG 1.86% $19.54 fortescue ltd

Ann: AGM Presentation 2023, page-8

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    CHRISTMAS CREEK GREEN IRON TRIAL COMMERCIAL PLANT
    Fortescue has approved an investment of up US$50 million to construct a Green Iron Trial
    Commercial Plant at Christmas Creek, with annual production of more than 1,500 tonnes. The
    Plant will utilise the existing green hydrogen infrastructure at Christmas Creek to lower the overall
    capital requirement and demonstrate a green pit to product supply chain. Construction will
    FORTESCUE | GREEN ENERGY AND GREEN METALS PROJECTS APPROVED Page 5 of 5
    commence following a work program and is subject to receiving the relevant approvals. First
    production of green iron is targeted in 2025
 
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