Ann: Positive Results from Concrete and Coatings Testing, page-64

GW resource will provide a PW50 halloysite-kaolin blend that can be easily de-sanded and sold in this country to an immediate market at scale.

Nanotechnology applications will use purified halloysite (no kaolin) from somewhere like Camel Lake (in the end, beginning with GW feed for testing) through commercial scale piloting plants that will then be contracted and sold in carbon capture etc.

Concrete isn't necessarily the highest margin when you look at each application that halloysite/kaolin can be used for (i.e. compared against nanotech) but it would certainly be highly logistical, low sovereign risk and an immediate market with much of the research already done or nearing completion.

The significance in the announcement today is that they can prove the performance of using our HK blend in the concrete application due to its performance gains. Next will be proving it as an economic gain at trial and then it will be used to form commercial agreements.

These things are happening now.