Ann: Quarterly Activities / Cashflow Report, page-2

An excellent progress report. I especially like this bit about the independent verification of the Hazer process:

Additionally, during the Quarter, Hazer engaged Lloyd's Register, a globally recognized independent assuranceprovider, to conduct a comprehensive assessment of the CDP's operational stability and process verification during the performance test program carried out during 2024. The verification process involved a detailed reviewof operational data, on-site inspections, and analysis of production outputs. This work provided importantvalidation, which is critical to the commercialisation of Hazer technology.

Key findings include:
• Demonstrated process stability and continuous operation over a 7-day period.
• Verification of robust process control and monitoring systems, supporting reliable and safe operations.

During the test period, the Company also verified the following key observations:
• Consistent methane conversion rates, meeting or exceeding design specifications at operatingtemperature and pressure.
• Hydrogen and graphite outputs consistently achieving required purity and quality standards forcommercial applications.
• Emissions and waste management processes confirmed to be compliant with environmental regulationsand Hazer's low-carbon objectives.

This independent assessment provides strong third-party validation of the Hazer® Process technology and itsreadiness for commercial-scale deployment.