Comments of interest...KPH - One ventilation shaft is complete...

Comments of interest...
KPH - One ventilation shaft is complete (reverse bore hole). Cavern well progressed.
BBP - should be energised before end of June, commissioned by summer
Kidston Wind - in discussions with offtakers, possible news within the coming months. Investment decision by year end
Bulli BB - in discussions with offtakers, possible news within the coming months/quarters.

Q and A details..
Q1 - NAIF details? 384m has been drawn, % and other details are commercial confidence
Q2 - Cost of Ingress Event? Hard to put exact figure due to different components involved, main cost is due to lengthening tunnels and guidance of 10-15 m remains accurate
Q3 - Impact of Big rain events? Government has approved releases from upper reservoir if required
Q4 - Takeovers? non currently active, focused on BAU
Q5 BBP Income? will begin generating income from energisation, will be unpredictable during commissioning
Q6 - Tesla exclusive battery partner? No
Q7 - KPH Cavern progress? Have very good knowledge of geological details now, first pass of cavern roof nearly complete
Q8 - Jemalong to remain un-contracted? Wanted to wait until after project derisked before discussions. Open to PPA arrangement, did consider last year before market prices increased. Happy for the moment.
Q9 - Cash usage? Using project equity before Debt, construction cost are coming from project budgets?
Q10 - Kidston Wind PPA? Plan for >50% PPA (due to capital intensive/gearing) with some merchant exposure remaining.
Q11 KPW Riks remaining? Once excavation is completed by year end this should significantly reduce an risks to Genex
Q12 - New projects? Have good pipeline, open to it but no.
Q13 - MAT % complete? Did not state, but will be completed by August.
Q14 - Open to CATL and BYD for batteries? yes, tesnder did occur for BBP and they are preparing for this process to begin for Bulli battery.