Ann: Prospectus, page-2

An interesting comment on page 20 of the prospectus:

Following 21 November 2023 at the Fixed Subscription Price or the Variable Subscription Price, without monthly limits.

(g) The limits in (1) and (2) above will only apply after 28 February 2023 if the Company has:

a. Raised at least $2,500,000 by way of placement and / or entitlement offer, or
b. Has announced a collaboration agreement with a strategic partner that includes an unconditional funding component sufficient to take the Sconi Project to final investment decision by 28 February 2023; and receives at least A$2,500,000 (net of fees) under that
collaboration agreement or by placement and/or entitlement offer by 31 March 2023.

A very specific amount and a very specific date - which ties in with the negotiations commented on in the Presentation already released.

This could certainly imply that negotiations with a strategic partner are well advanced to a stage where a possible time frame and initial figure are featuring in the negotiations.

Pure speculation - but the figure could represent an initial commitment that might be a precursor to a larger investment if certain milestones like a funding package was approved and therefore an equity funding component triggered.