Ann: Essential and TLEA to enter into Scheme of Arrangement, page-27

My understanding is that there is a bit of a rush in some industrialized countries to get more converters online and help ease the current lithium shortage. Transport connections certainly shouldn't be a problem at our end at least. We're blessed with a pretty good mine location.

I'm not a big fan of a 100% DSO operation but I know that others are. DSO is the quick and easy way to get revenue in. In that sense I think it makes a good comparison for evaluating against the scheme of arrangement.

We don't know the status of negotiations with offtake partners, other than that negotiations have been 'paused' for now. We invited expressions of interest that were due at the end of December. I'm sure we received quite a few. It's a fair process however to go from an expression of interest to a signed contract. I wouldn't necessarily assume that we're having trouble finding a good deal.