Ann: Framework Agmt for 20% stake in Dubbo Project and Offtake, page-227

Of course there is risk with upscaling

However the pilot plant continues to produce finished products and will remain commissioned

Any upscaling risks and problems will be overcome and present dip buying opportunities

There is no stopping ASM, Gandel, Ziron Tech, DZP and South Korea

I have 99.99% confidence in ASM continuing to deliver on their vision, goals, implementation and drive to become a major supplier of REE and other critical materials

The only real risk in my mind is China or North Korea launching missiles on South Korea and even then DZP and Ziron Tech IP survive