Ann: Presentation to Macquarie ESG Conference, page-35

I guess you haven’t read yesterdays update, that will guide you to price. The alumina feedstock we get from RIO is about a tenth of the cost of pure aluminum metal. This feedstock is very easy to source, we could go down the road to Queensland metals and get the same stuff if hypothetically RIO went bankrupt. What we get from RIO when is full production is less than 1 day of their Gladstone output. It’s time to say goodnight to you. Come back when you have $100m + to fund and produce some sort of commercial scale production, that is consistent HPA with no impurities. let me repeat no lab or pilot will get you any sales contracts (altech and fyi fail proves this) you need to produce at scale to verify the concept works and that requires $$$$ that you don’t have !! Alpha have spent close to $100m with 15 years of tech R&D and + 3 years of customer outreach & qualification. You have dirt and an idea that needs a lot of $$$$