Company Q&A on Hot Copper, page-130

Don't see anything evasive in the answers.

- The HVTF is an R&D facility, not a commercial facility, and it's focus is on executing eligible R&D activity.

Given the primary objective of the Company is the execution of the India project, R&D activity takes precedence.

Product generated from testing has been taken by customers and successfully used, resulting in repeat orders, which is permissible under the R&D Tax incentive rules.

Following the completion of R&D activity ( in support of the Indian Demo Plant ), the Coldry HVTF will be in a position to produce predominantly for the supply of product to consumers.

- The HVTF provides more than just product optimization capability.

It will feed back into the Indian project, including process/scalability testing at higher throughput, greater measurement & control of plant inputs, outputs and sequencing, ability to simulate a wider range of plant integration options, including Matmor and HydroMOR.

This testing is not an opportunity, it's a necessity!

All the information you require, has been provided from the answers to questions 45, 46, 47, 48.