Ann: Appendix 4C - Quarterly Report , page-3

BB, I'd say it's fantastic rather than interesting to hear that the closed loop system is confirmed, especially without the salt. It's made a great design even more compelling. Up until now only Trechikoff's been able to confirm that!

Also great to hear that "Other key components of CETO 3 are also undergoing cycle testing, including the propriety storm relief mechanism of the buoyant actuator." It was flagged at the AGM that they were working on an additional stafety mechanism, so to hear it's undergoing cycle testing is great. From memory they said they wouldnt be giving details of it for a while because of IP issues.

Also interesting to see CNM say that the govt grant could be announced "from August" whereas GDy said it would be september. It's probably just semantics, but CNM are very choosy with their terminology, especially when it comes to timelines.