Ann: Fourth Quarter Activities & Cashflow Reports - 30 June 2023, page-3

"the Company has also advanced
discussions with potential strategic partners with a particular focus on regional steelmakers and trading
houses, along with potential project financiers and institutional investors that are aligned with the green
iron / green steel transition and associated ESG focus.

During the quarter, the Company hosted several site visits to the Razorback Project site for interested
parties under NDA as part of the partnership due diligence process. The Company is accommodating an
increased level of interest and engagement from major regional steelmakers as focus intensifies on
securing green iron supply to meet decarbonisation commitments as laid out above."

Excellent. Site visits = getting a visual for how real/easily achievable this project would be = how worthwhile it would be to fund.