News: A4N Alpha HPA Says MoU Signed For HPA First Project, page-10

Hi All

Good churn again today near the 52 week high and plenty of great news to take away from this announcement, lots of key milestones to come in the short term (3-4 months). All of which needs to be delivered before July 31st 2020 and I would expect to be announced to the market/investors, this includes but not limited to

# DFS (1st Week Of March, 3 Weeks)
# Alpha to secure land suitable for pipe transfer infrastructure
# Alpha to secure funding to execute the project
# Alpha securing all necessary approvals
# Completion of due-diligence by both parties re supply and off take

Im personally very interested to see what sort of figures are involved with the reagent pricing and particularly the by product and how that lends to the economics of the project. Also glad to see that ORICA has put some money ($200K) on the table for the engineering to show they are serious in committing to this project.

GL to all holders

Gb