Ann: Calix and Suvo Enter Into Agreement, page-8

• CXL has already successfully produced 20 tonnes of Metakaolin from Pittong, so we know it works and the partnership will focus on developing market ready products
• CXL’s R&D and production facility is located near Pittong (just west of Ballarat)
• Decarbonising cement is a huge opportunity as the sector currently accounts for 8% of the worlds carbon emissions! Metakaolin can reduce that by 40%

The greening of cement is policy driven by regulators as seen in the EU and parts of US where they are already pursuing metakaolin based additives in cement. Calix and SUVO will look to deliver a superior product into the market assisting governments to capitalise on the low hanging fruit opportunity to reduce carbon emissions in the near term.

As the only commercial scale kaolin mine and hydrous kaolin producer in Australia, SUV is looking to cement its first mover advantage into what will be a very lucrative market - not only through the Pittong mine but also via its multi-generational **bin project in WA.