Ann: Zeotech Executes LOI with Gladstone Ports Corporation, page-2

This LOI is significant for a number of reasons:

• This hasn't just happened!
• Shows the depth of work and strategic planning ZEO management doing on the AusPozz Project.
• It would have taken substantial commitment from both parties to get to this stage - government-linked entities wouldn't enter into lightly.
• It signals that ZEO not only has the capacity but also the capability to transition into commercial production.
• Mutual recognition of the long-term benefits (likely shared vision)
• Once ZEO in production, the port authority will have a great high-volume paying long-term customer using their facilities.
• ZEO get a purpose-built facility at the port giving them seaborne access to major markets on the east coast of Australia.
• Lowers ZEOs freight costs and carbon intensity
• Environment wins

• This info will play an important part in the upcoming Preliminary Feasibility Study (PFS) due in Q2
• This agreement would give confidence to building confidence among potential offtakers and investors.

Well done ZEO management