Ann: Black Swan Restart & Company Update, page-153

Restart decision deferred Solid headway has been made to progress the project to its current advanced stage which is a credit to the management team and our consultants. Notwithstanding, the decision to restart Black Swan has been deferred due to the later availability of grid power, the need to complete additional metallurgical testwork on the open pit ore, together with the continuing tightness in the labour market, accommodation availability in Kalgoorlie for FIFO workers and the volatility in global commodity and equity markets. The Company expects a more favourable environment for project development into 2024. The primary aim of the Company remains to restart Black Swan as soon as it is feasible to do so