Ann: Noosa Mining & Exploration Investor Conference Presentation, page-114

hi Novac, despite what @Zxc has interpreted from an interview, (nb I have watched plenty of interviews with JM), it clearly states in the latest presentation (see page 11 of preso) , under GW JV

'High Purity Alumina opportunities'

I don't know how more conclusive it needs to be.. but as I have also said, HPA is blue sky right now.. MEP may not exist when HPA comes knocking.. ADN may not exist who knows.. it's not gonna happen until at least 2025

Furthermore, a JV is a legally binding agreement.. JV's tend to be wide ranging in scope but specific in terms of rights because they are often formed, before anything happens.. Keep in mind, the flipside being that MEP is obligated to cover 25% of the cost of everything associated with the GW JV .. including HPA.. the clock started ticking on MEP's obligation to the JV in Nov 2020 so it will be interesting to see how that plays out..

As far as JV product goes.. imho the chronological order of production will probably look something like

2022
1. DSO + feed for both offtake products

2023
2. Kaolinite / Halloysite Blend (offtake )
3. High purity Kaolin (offtake )

2024
Double production volume of 2 & 3 and maybe 1, plus
4. Concrete ?
5. High Purity Halloysite ?

...some time after 2025
6. HPA ?

As always, I'm happy to be wrong but it's publicly available information

GLTAH