Ann: Investor Presentation - Brisbane Mining Conference, page-142

I'm not sure anything has changed from Alcoa's persepective. We'll confirm this point towards the end of the month at their next earnings call. This is from the last earnings call Alcoa had 19th January 2022 so only a few months ago.

Emily Chieng — Goldman Sachs — Analyst

Good evening Roy and Bill, and congratulations on some further progress with your portfolio and strategy there. My first question is just around the capex outlines but not yet sanctioned to HPA projecting 2022 and 2023. I guess, at what point during the year should we expect to see an update on when this conditional [Phonetic] ban will be deployed? In other words, how close are we to reaching those different stage dates?

A-Roy: Yeah. From an HPA perspective, Emily, and I appreciate the question. This is an act of research and development project. And in fact there’s probably a lot more information that you’re getting because of the joint venture partner because how important this is to their ongoing business. And so, over the course of 2022, we’ll see advancements in what is right now a relatively small scale application to make sure that it actually works. And then, coming into the end of this year is when we’ll be actually starting to design and consider whether we move forward with that larger project. And so, I think there will be more information coming out as 2022 continues forward.