Ann: December Monthly Progress Report, page-3

It seems that these monthly reports are limited to progress on Stage 1 only. Good to know that there are no surprises at this stage and all on schedule.

We should see the quarterly next week and there are a few items on which we should expect an update:

R&D Tax Incentive Rebate

• Hopefully we have received the $12.6M ??

Stage 2, 10,000+tpa Australian Commercial Plant

• An update on work by GHD for the mine planning work on the Yallourn landfill.

• Update on the approvals process for stage 2 from Vic Government.

Stage 3, 100,000tpa Plant Project

• Update, on 3rd party investors(signing of non-binding MoU) was expected to be signed by the end of December 2023, if not before. The PFS-B study is projected to commence during the first quarter of 2024, following the execution of the MoU’s

• Update on submission of a land application for the operating plant and the workforce accommodation site

• Update on application process for a manufacturing licence with the Ministry for International Trade Industry and Investment (MIDA)

Would have been good to hear something about the MoU's by now - would be worthy of an announcement.