Ann: Agreement signed with JFE Shoji to fund DFS, page-8

1/2 bill profit from this Jap mammoth, world supplier and 8000 staff, welcome onboard and thankyou for offtake of 10% to help this Aussie battler fund its DFS

Main Steel Raw Materials

Our primary focus is on maintaining a stable supply of the iron ore and coal essential to the ironmaking business to JFE Steel. We are also expanding our imports, exports and cross-border business involving raw materials such as blast furnace slag^*1 .

As demand for coking coal fluctuates according to the market environment and customer coal grade needs at the time, we collect information on a daily basis to meet customer needs. We are currently prioritizing coal that is more in line with environmental measures. We procure iron ore from suppliers operating mines in Australia and Brazil, where there are abundant resources. To reduce CO₂ emission, we are also focusing on raw materials manufactured using hydrogen and other methods^*2 .

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