Ann: Quarterly Activities Report, page-2

Nothing overly new in the latest report. "Very Large" for the current Chinese lake is a very exciting term and gives an insight into what the monetary value of this first lake will be...

Florida trials proved excellent results which have been sent off for consideration by the Algal taskforce... the funding has been allocated so this is a very exciting space.

Upgrades of the plant to meet 15000tpa by August... $45+ million in material alone with plans being drawn up for expansion already.

$18 million in the bank... $7 Million of product on hand and another $10 million of raw materials.

Things are definitely on track and look very, very exciting!