Ann: HPA Project - High Purity Metals, page-3

Page 18:
"With considerable investment in R&D, we expect to imminently have product samples available to send out to end-users for qualification in their process"

"We have joined the Future Battery Industries Cooperative Research Centre (FBICRC) supporting two strategic projects;

• Cathode Precursor and Active Material Production Pilot Plant, and
• Development and application of Vanadium Redox Flow Batteries"

P-19:
"Depending which companies become involved with the project, there may be opportunities to co-locate the plant. The Definitive Feasibility Study on Type 1 Aluminium Salt Precursor Production Facility is expected to be completed in May 2022. Anticipating positive results, it will be full steam ahead.
Ideally, we will have all the required finance, agreements and a JV partner in place and building can begin. These measures will accelerate the construction schedule at minimum risk."

P-20:

• 5N Type 1 Precursor – Campaign 4 successful
• Improved new Precursor path to HPA under development