Ann: Critical Minerals Conference Presentation, page-26

Not long to go now to wrap up remaining off take and key financing attached.

2 years the US tariffs come into play. That does not prevent imports of Chinese supply does it - just adds a financial impost of 25% on the minerals + magnets or 100% on Chinese EV car imports. I need to read it again.

2 years - if China went the restriction or export ban path - US and say EU could be caught extremely short in their collective renewables ambitions and Beijing would not hesitate if past tit for tat serious trade clashes are to go by. Example simple one - If US and EU - UK all place 100% tariffs on Chinese EV bans curtailing China's EV global expansion ambitions - taking away its reach to supply huge markets - China can simply do the same and shut off supply of say refined lithium or NdPr which would bring US - EU - UK renewables shift and mega billions invested in that transition to a halt - there is simply no supply chain to replace China - only all the concentrate producers - we already invested in ARU Nolan's development for reasons known but wow.