Ann: Appendix 3Y - T Blackhurst-CMC.AX, page-14

Look we really need to get this production on in China. Management appears to get a free pass time and time again as to why no production. We've spent millions $$ and years getting to this point. Why hasn't production kicked in yet?

We are the only Magnesium company that doesn't produce Magnesium.... We've bought/acquired/JV'd on multiple businesses but still not producing

Now we are off diversifying into Lithium, raising capital to possibly acquire new businesses!.

You could say McDonalds produce the same amount of Magnesium than CMC.