Ann: Clarification announcement, page-2

So no KPO CR planned, instead the company is opting for up to $1m in convertible notes to be issued with the expectation of lower cash burn for the next six months, if funding is obtained then future project costs will be paid by KDP from the funds raised, meaning that KPO's cash burn would remain low until KPO seek to expand their projects to incorporate other fields such as geothermal and other forms of WHP.

Quarterly states the $58m they are seeking for 50% of KDP is in Canadian dollars so based on current exchange rates they are actually seeking A$65m!

Good to read the Clarification announcement today too. The options to purchase/lease the three sites secured so far includes land access for pre-FEED and FEED work so ensures a smooth pathway through the permitting process without having to separately negotiate site access.