Ann: Technology Investment & Hydrogen Certification Responses, page-17

Hi Daz, Can you or someone help me out here. I am struggling to ascertain the scope of the board's intention regarding hydrogen production and any future application might make to CEFC for a grant. There is so much information available, its mind numbing, so I am going to cherry pick here.

On 4 May 2020 a Media release by CEFC stated in part: "The CEFCAdvancing Hydrogen Fund will draw on existing CEFC finance. In line with theCEFC Act, projects seeking CEFC finance through the Advancing Hydrogen Fund arerequired to be commercial, draw on renewable energy, energy efficiency and/orlow emissions technologies and contribute to emissions reduction."

If that is a strict requirement it would seem to be a tall order for LCK. Looking at Table 1 of the Ann. it would appear, that for LCK to be regarded as using a low emission technology, it would require CCS to be part of the operation. A CCS plant would add another dimension to LCK's intended ?? hydrogen production. How good are we at CCS? I really am at a loss as to the boards overall direction for LCK. J L