Ann: Project Update Commissioning program underway, page-4

Excellent Ann. Might take a while to sink in. No more concerns about a speeding ticket either.

“The target here is to define the efficiency gains so that we can further refine the capital estimates
for our Latrobe Valley project. When you consider that the PBD represents ~30% of the footprint of
the COLDry plant and up to 40% of the capital expenditure, it’s critical to consider how we can reduce
the need for this step in the process. The commercial benefits would be substantial if we can direct-
feed COLDry processed pellets from the conditioning system into a pyrolysis unit. Confirming and
quantifying this opportunity will be the focus of our efforts over the coming weeks.”

Potentially by passing the packed bed dryer, or eliminating it because :-

“The engineering, research and project management teams have developed a deep understanding of
low temperature drying, substrate plasticisation and densification, and the COLDry demonstration
project represents the culmination of that knowledge and experience in action. Phase 1 of the Project
has seen significant advancements to the milling, mixing, extruding and, most notably, the
conditioning of the pellets, which targets performance improvements of 3-10x better than the
previous pilot-scale design."

Looking great to me. All imo
tick tock....