Ann: 2018 AGM Presentation, page-80

Summary AGM:-  Summary

Some items may already be highlighted. Items are publicinformation as expressed at AGM 

Factories – Being designed so as versionschange they will be able to be easily adapted without incurring huge capitalcosts to change production variant.

NY – Relocation done – Equipmentbeing re-designed to achieve much higher yield which will feed into less wasteand higher margins. Prodn mid to late 2019. Working capital $50m USD. A numberof parties are looking at NY – Lot interest. $$ will not come from MNS. Is likely to be injection of funds inexchange for portion of the project. Experienced people coming onboard.  All initial production 1 GW is pre-sold whichassists with financing.  MNS done itswork – Funding sits with other parties in the consortium.

Townsville – Grant obtained, GovtResources ppl etc committed. Kick off meetings have commenced. Scoping study iscurrently +/- 25%...   Feasability studywill refine this to + / - 10% which is required to make project investable.

Listrom – Government Rhine –Still moving forward but not as quickly as we would have initially liked.

Other battery sites are comingbut these will all come with a level of financing attached (Gvt or Partner),  

Things to be delivered in theshort term:-

Other battery locations

NY Financing – with otherconsortium members.

Nachu Financing – with otherconsortium members.