Alta Copper, page-27

Hi Wes,

Yes, all the other sub-segments will materialise at some point but won't be for a while ie around the "medium term" timeline we discussed. I'm not focused on these at the moment and neither is the market, which is totally understandable. Until the economics of each project are revealed these are just viewed as "out there" possibilities. Note, these even include the current three FID's. No economics on these yet, just capex.

Forget about - Fortescue Future Industries for now.
Forget about - Fortescue Hydrogen Systems for now.

The only sub-segment of Fortescue Energy that we can count on very short term is anything under the Fortescue Zero umbrella.

Fortescue Zero

Battery and electric powertrains - expansion of UK production operations. The Banbury facility will focus on manufacturing heavy industry, zero-emission battery modules and fully assembled power systems. The Kidlington facility will focus prototype testing facility of power systems for multiple green mobility applications. Formula E will focus on designing and manufacturing Gen 3 Formula E batteries. This is where the Liebherr/Fortescue partnership comes into play.

Elysia - Battery Intelligence.

You wrote;

Could the company formerly known as WAE, now Fortescue Zero act as a template for a future Fortescue/Alta hookup, hence my earlier proposal for Fortescue Copper, nuthin like a friendly takeover....encouraging staff retention etc...

Do you mean if Fortescue Energy the umbrella of Fortescue Zero could potentially acquire the Alta copper project?

Tony