I very much enjoyed Mark's presentation. Very positive about...

I very much enjoyed Mark's presentation. Very positive about Alpha, a refreshing change from MH.

Takeaways:

• No indication of hesitation/concern about getting this to production.
• 15-20yr LOM
• 21.29m barrels of synthetic oil equiv
• Liquefaction yields increased > pyrolysis.
• Our next set of testing will very [extremely] likely improve our yields again
• We may have some high value by-products
• Price of C170 bitumen $1,651/tonne

Timelines

• Pit design finalised around Christmas
• Next testing results after Christmas
• PFS end of Q1 2023

I have always been quite curious about how competitive we would be against the overseas suppliers. The fact that will be significantly cheaper, and far more competitive is outstanding. I wasn't aware of the costs related to shipping, and the requirements to transport at high temperatures (160-180c).

Keep it up Mark, love the direction and progress you have made at the helm.

Can't wait for the PFS.