Ann: Arafura launches A$20m placement and A$7m SPP, page-43

Sure DC would not be pleased in having to raise yet again - this time on his watch as CEO. He has reduced expenditure significantly to that of previous CEO with intent to deliver FID with minimal monies he was left with whilst additions to board and project delivery team come with additional costs.

Regardless of reasons - missed EFY FID and the gas supply agreement extension - no issues - DC and board have delivered a great deal of progress and equity close - FID now by EOY - surely they have left excess margin in that so to not miss again and we can have it all closed - delivered in early final quarter of 2024.

Time is always of essence - however our offtakers are supportive as shown with the debt package closed therefore no issues - new delivery shedules would have been established with the debt package. Need to recognize such - any one of them could have gone to Lynas - Iluka whom the latter are not exactly progressing at any rate - or any for that matter.