Ann: Investor Presentation Company Update July 2024, page-9

. They already know they can get processing costs down further or they wouldn't mention it
. The geological model being used indicates the fold zone is very likely to host a lot of shallow trending ore
. Once running there is now a 50 year LoM with opex in lowest quartile or better globally
. Profile will be raised by any success MGT has as a neurology play
. Indian IO demand likely to surge as India moves to next stage of development cycle
. European IO demand will snap back when Russian situation stabilizes, and will prefer green steel knowing Russia doesn't sell it.