Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-11

The Scoping Study confirms the technical feasibility for an integrated green energy production project, using renewable power generated from the identified Gascoyne resource.

The scoping study confirmed that Carnarvon is a suitable place to generate electricity from renewable energy. It did not seem to go into any details for the H2 transportation chain.



Phase 1 will also include all common infrastructure as well as downstreamhydrogen processing facilities such as ammonia production, liquefaction,...

I'm concerned that they are now referencing ammonia production and liquefaction. Wasn't the premise now to compress the hydrogen to 250bar and transport as compressed gas by GEV ship? Ammonia production and liquefaction are wildly different methods of facilitating H2 transport and are not compatible with the GEV concept at all. What are they planning to sell... ammonia, compressed hydrogen, or cryogenic liquid hydrogen? To this seems very misleading to investors and between the lines it suggests that they don't really have any definition over their technical concept.