Ann: Quarterly Activities Report, page-2

These two items from today's report have the best potential to drive the sp much higher ahead of any future cr so hopefully we see both of these first.

"Minbos will now seek to finalise these negotiations with RNT – EP, by way of entry into a
long-term offtake agreement on attractive commercial terms for power supply with
requisite conditions precedent that allow the Company to undertake the necessary
feasibility and project studies to progress this opportunity.

"A first step in the feasibility study process will be seeking an international technology
license and engineering partner for the Capanda Ammonia Plant."

That second one has big potential to re-rate the sp much higher because any deal done with a large industry player will show the market how valuable the green ammonia project is and it will make the project more "real" to the market.

2.5mill to come from the RE project sale will be handy.