Ann: Annual Report, page-2

Annual Report takeway

- Mentioned in two places that they expect approvals and commencement of pond filling by end of year – ie Christmas

- Work packages to date are under cost with savings redirected or on cost – no overruns

- Crystalisers construction to begine toward end of 23 – before Christmas

- Ponds 1 and 2 are ready to receive brine

- Rock armour on gas walls completed

- Expect iron valley to continue - refer our earlier concern/debate

- Before end of FY expect ponds 6 and 7, washplant and crystalisers to be awarded

- Pump installation 2/3 commenced

- Equipment (pumps) for ¾ 5/6 and 6/7 ordered.

Given this is a public announcement they expect this all to happen (until it does not). Still, could be looking very different before end of year.