Ann: December 2024 Quarterly Activities Report & Appendix 5B, page-2

Onward & upward. Very positive & detailed report.

'NH3 is on-track to complete pre-FEED technical work, economic analysis and secure input and infrastructure agreements to support a data room for potential offtakers and strategic partners by the end of January. This is anticipated to facilitate FEED-entry at the end of Q1 2025,'

'FEED-entry will require the completion of agreements with potential off-takers and strategic partners. Given the interdependency between the commercial agreements, their sequencing and timing will be determined as they progress.

Lots of things about to happen....!