Ann: Managing Director & CEO AGM Presentation, page-6

H ACE my impression is that they are very confident and buoyant that they will get the finance. They want it all wrapped up by the end of the year. They are in intense negotiations and discussions with all parties but they did mention the government in particular the discussions, although not mentioned I think stem around conditions and clauses in contracts. On the equity side there are a lot of parties lined up.
There is a high of confidence that the discussions will achieve its end originates from the total project, that they are undertaking
1 strong tailwinds Page 11, special mention was made of the geothermal acceleration law which is before parliament now which will pave the way for quicker development of the project as bureaucracy will be jettison.
2 they are being approached all the time by companies wanting offtake agreements. They have just started distributing their finished product as a sample… it is highly sought after as it is very pure
3 they have a highly qualified workforce which adds to project status
4 the dark green status of the project obviously means a lot and holds a lot of sway
5 the demand is so great that they are only able to supply 4% of the total Page 19 they are being approached all the time
6 Rio Tinto invested AU$17 billion into A – DLE related projects so it is the way to go and there are very few competitors
7 exciting is the discussions the company is having with other companies with projects that require Valsorb, they intend to license it. I get the impression that it is going to be bigger in revenue-producing than what the market sees.
8 they also mentioned the partnership with BASF and the enormous power needs that company requires. It was compared.
one of the northern countries like Norway? And said its total power needs was as great as this country total power supply. It’s able to put down these wells on their property without jumping through the hoops as in other places definitely being eyed for future early development.
so much other tip bits of information came up it was a gem.