Ann: MD Presentation 2020 AGM, page-95

ADN FACTS
- NPV ~$700M (based on $700/t) - GW only
- IRR 175%
- Still have Condooringie, Tomney West and Tomney East to come, as well as the "holy grail" of halloysite - Camel Lake.
- Simple mining operation - beginning early 2022 (would have been earlier if not for COVID)
- 15 months Payback. small capex.
- Halloysite is in dwindling supply & we very likely have the biggest and best supply in the world once we drill all our sites
- I have a graph on my wall showing the exponential growth of patents and research of Halloysite & HNTs (see below also)
- NNT setup to to ride the halloysite wave.
- Opportunities in so many varying areas worldwide: concrete, HPA, water remediation, carbon capture, lithium batteries, hydrogen storage, medical agricultural, catalyst - I can't even remember them all.
- Mt Hope pure Kaolin which JM has said is the purest gear seen in 30-40 years - this will be in high demand, for $1000/t I think I read.





Hand-picked? we pick it by the scoop of the biggest machine we can find for 50 years+




https://www.researchgate.net/publication/309386311_Global_occurrence_geology_and_characteristics_of_tubular_halloysite_deposits