Ann: Trading Halt, page-29

Funds to be used to accelerate Scoping Study and more funding to kick off the Feasibility Study following a positive Scoping Study - both very valid things if that is the case.

Since Feb 2021 when they acquired the Zero Carbon Hydrogen Project they have moved very fast:

- Mar 21 appointed ERM as Lead Approvals Consultant
- Apr 21 landholding increased
- Apr 21 MOU with Total Eren signed, Scoping Study commenced
- May 21 MOU with Shire of Carnarvon
- May 21 $15m capital raising (going off above comments)

Remember it has only been ~3 months since the acquisition.

If they keep this up then will be easily $1 by end of this year.

Wolf