Ann: GWR Signs C4 Offtake Agreement - Wiluna West Project Update, page-40

we had profit taking yesterday, and a strong rebound, and a market that is still coming to grips with what GWR are about.

The fog of waiting for the economics, while we wait we use FEX, and make our own adjustments on haulage.

And the offtake, 1mt to start with, for the phase 1 of C4. That was a solid move toward production.

While the company has just scratched the surface and stated so, that it is looking to every option available to make the most of this iron ore bull market, with the other 20mt of C4, stage 2, and the other satellite deposits, 300mt .

The company are on the ball, ramp up production left right and center, whoever, however, to where ever. But we wait for detail.

"GWR Review Aimed To Increase Production Tonnage -
Current 1Mt Production to Potentially Unlock 130Mt Fe Resource."

"The company will continue to update the market regarding current production activities
and the current review to expedite production tonnage across the remaining portion of
its Iron Ore inventory"