Ann: Quarterly Activities Report - Period Ending 30 June 2024, page-3

Good to see Vulcan are now using their own in-house sorbent in LEOP after initially using a commercially available sorbent when it was first commissioned. I couldn’t see a specific date for when they expect to formally launch CLEOP, but if there was any significant slippage in timelines, it would have been reported in this 4C.

Therefore, I suspect it will still be in August and in the next 4-5 months, we’ll get clarity on probable grant funding, project level equity investment partner/s and debt, which will be a great milestone for those long term holders on here.