Ann: Final Design Complete for Cabinda Phosphate Fertilizer Plant, page-14

Great announcement, DFS could still be this month with FID in proceeding months...not phased about any minor delays anyway with DFS, FID, plant components etc, I deal with purchasing mining equipment every day and I have watched lead times blow out to ridiculous lengths over the last few years, more than happy with the progress Lindsay and team have achieved in difficult times..

My favourite bits from the announcement:

• Plant has been designed with an initial production capacity of 150,000tpa with capability

to expand up to 450,000tpa. Based on current estimates, commissioning is expected in
H1 2023.
The Company recently placed the final major equipment order for a chain-mill after
Stedman completed test work on the phosphate rock bulk sample shipped to the USA late
last year.Engineering Procurement Construction and Management (EPCM) work is now advancing
rapidly with detail, scheduling, planning and design works underway.

Onwards an upwards as they say..