Ann: 5Mtpa Study Further Strengthens the Economic Potential, page-13

US$750/ton, for 6% or higher with low impurities, is similar to US$675/ton.

Offtake and funding under way.

The Company has commenced engaging with potential off-takers for advanced funding based on securing long term off-take for product given the project economics.
▪ Announcement of the project financial metrics in this report can now allow AVZ to advance discussions with selected potential customers. AVZ believes these advances in the Manono Project firmly underpin a more favourable climate to engage with and conclude, binding off take arrangements.
▪ The Company has commenced discussions with Project financiers and advisers and believes, that given the key findings of this study and ongoing uplift of the project, it is in a strong position to secure the necessary funding to place the project into production.