Ann: Board Capability Strengthened for Next Phase of Growth, page-6

Fantastic move!

A quick search about him online shows he’s clearly very qualified and experienced in cement, buildingand construction materials. A lot of Executive and high-value contract experience too.

Looking at Shane's performance share incentive package it gives aninsight to what the company is shooting for relating to deals with the cement players.

Based on margins of $100 and $200 (AUD) per ton of material there issome serious money to be made for ZEO shareholders!

	Milestone	Tonnage (tpa)	Margin ($/t)	Potential Annual Gross Margin ($)
	Class A	100000	$100	$10,000,000
	Class A	100000	$200	$20,000,000
	Class B	200000	$100	$20,000,000
	Class B	200000	$200	$40,000,000
	Class C	300000	$100	$30,000,000
	Class C	300000	$200	$60,000,000

Say we hit A, B and C over a few years… even @ $100 margin there’s $60milgross margin

Class D milestone especially is super exciting to read.

“Upon execution and completion of a binding joint venture and/orprofit-sharing agreement for commercial AusPozz™ (metakaolin) production utilising Toondoon kaolin feedstock”

Given our current resource size and the fact it’s open in all directions- Talk about an “exciting”, “stable”, “long-term”, “profitable” arrangement forZEO shareholders!