Ann: Talga Investor Webinar, page-20

Another thing that was explained that people seem to be disappointed with, but I think is good for long term holders is that the SC has not yet reached our case. No conspiracy theories, this could just be the case. This is good news, means there is no concerns with our project or case but as MT said it is 'just a matter of time.'

He was also asked about when we would see first commercial production. He said as has been reported, development and commissioning will take 18 to 24 months. He said if we get news back from the SC soon, he would be hoping mid to end. If it takes a bit longer to hear from the SC, then likely 2027 but this still lines up very well with customer needs and expectations. No concern here for me as a long-term holder.

The other pleasing thing for me was how he discussed the initial stage output currently reported to be19,500 tones would actually be higher than this.