Anthony Hall on ****** Video, page-20

Thanks again, had to refresh memory.

HIGHLIGHTS • Two tranche Placement completed to raise A$31.2m (before costs) at A$0.60 per share • Binding Term Sheet signed for US$30m convertible note that can convert to ordinary shares at headline share price of A$1.00 per share • Drawdown subject to receipt of final main operational permit and shareholder approval • Total financing secured of A$77 million (US$51m) (before costs) • All funds to be used for construction of Phase 1A of Fort Cady Borate Mine • With existing cash at bank, the Company is now fully financed for construction of Phase 1A of Fort Cady Borate Mine (capex is estimated at US$50.3m – refer 16 April 2020 ASX release) • Substantive construction activities to commence ASAP under existing construction permits • First production remains on track for 2H, CY2021