Ann: Quarterly Activities Report and Appendix 5B, page-4

So my summary is a little different as a holder of ARU shares. This one is quite positive for mine.

This is a specific notice to shareholders, not a generalised announcement.

Clearly depicting the following:

1. costs have been RE-calculated, to supply incoming funders-They must be getting to the pointy end of negotiations for them to rehash this detail, given this was already just complete in 2022.

2. March next year was supplied as a month to finalise, not a random timeline of 2nd quarter next year, or other vague statement. Therefore one of the offtakers must be able to release statement around that time, or other critical related party can come public due to existing contracts or like. That’s looking a little obvious to me…

3. Until this point, March 2023. I expect news to drop of GE, government contribution, maybe strategic equity placement, and other milestones to complete the puzzle…

This is probably one of their more clear announcements. Hopefully ARU, can improve on this communication, as that’s all it takes.

A little transparency goes a long way!