Ann: Letter from the Chair, page-18

The way I see it Australia needs some domestic Potash mines to guarantee our own supplies for our agriculture industry. The war in Ukraine has bought home to everyone around the world how dependent we are on Russian/Belarusian fertilizer. Given the war will probably continue into 2023 and even when it stops there's no guarantees all the sanctions on Russa/Belarus will be removed quickly, I think the economics of APC's mine should stack up.

In one of the investor presentations I asked the CEO how much would APC's mine supply of Australia's demand and the CEO said 120% currently. I think we'll have government support from a regulatory point of view to make sure we get to the production stage.