I'll be dreaming of "zero liquid discharge" tonight! This is the...

I'll be dreaming of "zero liquid discharge" tonight! This is the very epitome we are chasing and a standard Bahay believes we can achieve. If the pilot plant can get anywhere near this and is demonstrated using the QGC brine samples as part of the FS then a resultant contract is inevitable. Then we can start dreaming of achieving a monopoly in the CSG space ("no viable alternative pathway identified by industry to date") - imagine QLD mandating the using of iBC for any new and existing projects! Cost savings alone in the state would be in excess of $300M @ 10/15% commission and we're looking at 30-45M of revenue at today's prices from the one processing platform in one state alone. This is our company maker right here!


iBCs key benefits :
enabling relevant CSG operator/s to avoid otherwise inevitable brine processing costs,

dewatering costs and salt disposal costs (including, a regulated waste levy ($125 - $175 per

tonne) which is payable to the Queensland Government); and

generate revenues through the sale of recovered products (primarily industrial grade caustic
soda) from the iBC® plant, which are expected to be sufficient to cover the cost of building and
operating the iBC® plant

Australian CSG production is largely concentrated in Queensland. To operate a CSG project in

Queensland, a CSG operator must hold an environmental authority ("EA”) under the Environmental

Protection Act 1994 (Qld) ("EP Act”), before any work can take place on the relevant tenure.

Additionally, as part of an EA application under the EP Act, a CSG operator must demonstrate how

their CSG water will be managed in accordance with the Coal Seam Gas Water Management Policy

2012-ESR/2016/2381 (formerly EM738) (the “Water Management Policy”), which is administered by

the Queensland Government – Department of Environment & Science, (the “Department”).

Importantly, the Water Management Policy outlines the following rules in relation to the treatment and

disposal of CSG water: