Ann: Investor Presentation, page-3

Very different tone in this preso, clearly indicating that PNR is now capable of executing its growth strategy. I would highly recommend watching the 2021 Diggers presentation as this preso mimmics what was discussed in that presentation. A few points I picked up
- Commenting that OC production likely to go into next year
- Cost guidance still dropping
- 100kozpa run rate from JQ24 confirmed as guidance
- Multiple mentions of ease of plant expansion to 1.5-1.7Mtpa. I expect that this will be initiated in 2025 at the latest
- 175-200kozpa now main stay in presos I expect, comment is medium=long term
- Drilling to kick in from SQ24

Overall tone completely changed, I have observed this for some time but they are now very much on the front foot. Very happy where this is heading