Highlights
• Coldry Upgrade Project progresses with Phase 1 construction well advanced and on target for
completion during Q1FY22
• Acquisition of rotary kiln – key component for Phase 2 char project
• Coal supply agreement executed with EnergyAustralia
• Adoption of formal Environmental, Social and Governance (“ESG”framework
• EGM approving capital raising, amended Constitution and the consolidation of share capital on 10
to 1 basis
• $3.5M capital raising to assist funding the Project at Bacchus Marsh and other opportunities,
nearing completion
• Appointment of Euclase Capital as Corporate Advisor
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-4
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