Ann: QBS Releases Master Plan Presentation, page-45

Hi Mr.M

I'm still to fully comprehend the ANN as I've not had the time to digest it yet, therefore I'd like to only ask 1 question.

Could you please ask if a potential contract with QGC would fall outside the QBC Master Plan and therefore commence independently of Master Plan?

I ask this because in the indicative roadmap on page 33, all 4 hubs shows QBS Upstream plant capacity will be required before a QBS Downstream plant can be commissioned. My understanding with QGC was that they don't require additional upstream infrastructure as their brine is already sufficiently concentrated.

Thanks mate.