Ann: R&D Tax Incentive Rebate Received, page-14

The pressure is on for ECT to deliver the long awaited results of the Phase 1 drying results.

Will there be a reduction in the packed bed dryer or not ?

This was from the 29/7/22 release

"As outlined in the previous quarterly report, the engineering team has identified significant potential process efficiency gains which centre on a new, five-pass conditioning system. If confirmed, the efficiency gain would produce substantial CAPEX and OPEX savings across Phase 1 and Phase 2 of the Bacchus Marsh Project and flow-on benefits for the planned Latrobe Valley project. Therefore, the next step in wet commissioning will be a series of experimental commissioning runs entailing lignite run through the primary processing system to the conditioning system to ascertain the drying performance profile. Key conditioning system variables will be monitored, generating the required data necessary to validate the potential efficiency gains and complete Phase 1 commissioning, providing the pathway for integration with Phase 2 activities as they progress in the coming months"

It's been a couple of months are we are still in Phase 1 or not ?

ECT has been hammered by the constant selling and lack of support, looks like some party wants it to be kept low !!!

Vomit !