Ann: Corporate Presentation - Noosa Mining Investor Conference, page-19

The DFS ramp-up was 6 months to MSP nameplate production. As per yesterday the current plan is another 6 months to 100% throughput and the MSP will obviously have to follow whatever timeline is set by the WCP and how many HMC shipments are planned.

Any mention of monazite rare earths is noise. They don't produce a monazite product and pretending zircon concentrate "containing" monazite is a drawcard is pure spin. Would be lucky to produce 50t of "contained" monazite in a year.

The market is really hanging out for the quarterly cashflow report. Q1 they said they had $50m and the majority of CAPEX had been paid. What is the majority of $340m? How much more is left to pay? What that $50m looks like at the end of Q2 is the big unknown.