Ann: Independent Test Results for potential US Licensee-LWP.AX, page-2

Amazing progress!!!!!!
 Independent tests commissioned by a potential US licensee/JV Partner validate LWP’s low-cost fly-ash ceramic proppants capability to compete with frac sand
 Conductivity and permeability performance tests compared white and brown sands against LWP low-cost fly-ash ceramic proppants
 Test results confirm LWP’s low-cost fly-ash ceramic proppants significantly outperform frac sands
 Negotiations with potential US partner and other potential parties are ongoing
 Solid progress being made in India with Pune plant upgrade