Great statement, and this doesn't include the recent...

Great statement, and this doesn't include the recent drilling.

"The Market Study, undertaken by commodity research specialist CRU International, forecaststhat the 2025 value-adjusted business costs of the Sconi Project would place it in the 1stquartile compared to other existing and proposed analogous operations globally (see Figures2 and 3), based on the outcomes of the financial modelling that was released in AustralianMines’ base case Bankable Feasibility Study (BFS) ."

"Due to modelled demand growth for both cobalt and nickel sulphate from the lithium-ionbattery industry, on the back of global vehicle fleets transitioning to a greater variety andvolume of electric vehicles, the Market Study found there was a clear need for new supply ofthese crucial battery chemicals."

CRU International Limited - CRU offers business intelligence on the global metals, mining and fertilizer industriesthrough market analysis, price assessments, consultancy and events. CRU employs over 280 experts and hasmore than 11 offices around the world, in Europe, the Americas, China, Asia and Australia.