To date, progress of the project is reflected in the Test...

To date, progress of the project is reflected in the Test Program 3 results contained in the GRV announcement dated 17.05.2023. These results confirm that the Bitumen yield from liquefaction will be significantly higher than that from the superseded Pyrolytic process, and that the yields from Torbanite and Cannel Coal are nearly the same;
"During Test Program Three, a maximum conversion of 67.3wt% was achieved for the CannelCoal portion of the Alpha Resource, 65.9wt% conversion was achieved for the Torbanite
portion of the Resource and 66.3wt% conversion was achieved for a blended sample".
A further liquefaction test, Test Program 4 is currently underway and it is expected that there will be additional  improvement in conversions.