Ann: Kidston Pumped Storage Hydro Project - Construction Update, page-7

In 2022 the then Kidston/Craven BofD enthusiastically participated in the Skip Capital takeover bid despite the contravention of the Northern Australia Infrastructure Facility Act 2016.

In 2024 the now Kidston/Craven BofD has withheld crucial/critica financia information about K2H making it impossible to even estimate the present and future value of K2H. This, while backing the opportunistic J - Power takeover bid.

The blatant and strategic withholding of financial information about the Boulderscome Battery is highly questionable; especially in terms of market manipulation, (VWAP), and the participation of the J - Power director.

The $610 million concessional loan is cloaked in secrecy for GNX shareholddrs but not for J - Power, (or the Kidston/Craven BofD and their friendly banker, Goldman Sachs). Having this information is central to determining present and future value of K2H and to mapping the path ahead for the company.

The need for the Takeovers Panel involvement should be clear to ASIC.

The BofD has brought this situation on, (Report of Misconduct to ASIC), by ignoring continuous disclosure requirements; (engineering milestones and great images are not enough).

TKS @MrLumin.