It is terrific for MNM holders that Exergen have effectively...

It is terrific for MNM holders that Exergen have effectively announced via the ASX that they have applied for ALDP funding. Obviously Exergen were approved by the Vic DPI to release these details enabling CAG to comply with ASX continuous disclosure rules regarding market sensitive news on partnerships, MOU's and funding arrangements.

It put to rest any speculation that Exergen hadn't applied and also made us realise that Exergen are free to release details of partners etc.. for the ALDP funding process.

They have also announced via the ASX that, part of the takeover/merger with CAG is dependent on ALDP funding, and the site location for their commercial demonstration plant.

They have mentioned their cornerstone investors and possible off takers for their product.

But for me, the best part of the announced CAG/Exergen takeover is the mention of The Bacchus Marsh Export Project, which is the only possible income producing part of the announcement and the carrot hanging in front of CAG to agree to the takeover.

http://www.mantlemining.com/announcements/1222157.pdf

"Exergen is planning to further prove the CHTD technology by constructing and operating a 50tph Pre-
Commercial Demonstration Plant in the Latrobe Valley, Victoria. Exergen has signed a memorandum of
understanding with Energy Brix Australia Corporation (EBAC) to use the Morwell Power Station site to
host the demonstration plant.

Exergen has established a joint venture with ASX listed exploration company Mantle Mining Corporation
Limited (ASX code: MNM) to develop the Bacchus Marsh Project in Victoria. Mantle and Exergen each
hold a 50% interest in Exploration Licences (EL) 5294 and 5323 which combined host a JORC compliant
Inferred Resource of 1.6Bt (A Competent Persons Statement, as contained in Mantle Mining Corporation
Limited ASX announcement on August 29, 2012, is provided at the end of this document)."

"Details of Proposed Transaction
The consideration to be paid by Cape Range to Exergen shareholders is to be:
1. 162.5 million fully paid ordinary shares at settlement2; and
2. 250 million shares2 (Deferred Consideration Shares) to be issued upon satisfaction of the
following milestones in relation to the Pre-Commercial Demonstration Plant (PCDP):

o 125 million shares upon the execution of a lease with EBAC at Commercial Road,
Morwell, Victoria and a site services deed with EBAC for the supply of services, including
making available infrastructure to enable the construction, operation and maintenance of
the PCDP; and

o 125 million shares upon the award of a government grant under a current joint
Commonwealth and Victorian government initiative."

"Exergen shareholders include the company’s founders, India’s largest private utility company Tata Power,
Leighton Holdings subsidiary Thiess, one of Japan’s largest trading houses Itochu Corporation and ASXlisted
minerals processing group Sedgman. Tata and Itochu represent potential off take partners in two of
the largest coal markets in the world."

And from Mantle's announcement -

" “Mantle is pleased that Exergen
continues to progress its business model in a way that will allow it to accelerate the successful
demonstration of its patented (CHTD) technology.”

"Mantle Mining Corporation Limited (ASX: MNM) “Mantle”, is pleased to provide an update
(following) that Exergen Pty Ltd (Exergen) and Cape Range Ltd (Cape Range) have announced
plans for an amalgamation which will result in Exergen’s shareholders becoming the major
shareholders of Cape Range.
Exergen is an Australian company which has developed a patented technology used in a process
called Continuous Hydrothermal Dewatering (CHTD). CHTD upgrades low rank coal (LRC) with
high moisture content in an economic and efficient manner, thereby adding significant value to
those resources.
Exergen has established a joint venture with Mantle to develop the Bacchus Marsh Project in
Victoria. Mantle and Exergen each hold a 50% interest in Exploration Licences (EL) 5294 and
5323 which combined host a JORC compliant Inferred Resource of 1.6Bt of LRC.
Exergen Chief Executive Officer Trevor Bourne said: “The transaction provides the company with
an efficient and effective corporate structure on which to execute its strategy to become an
internationally significant coal company.”
Mantle Managing Director Ian Kraemer commented that: “Mantle is pleased that Exergen
continues to progress its business model in a way that will allow it to accelerate the successful
demonstration of its patented (CHTD) technology.”

Nearly time for the excitement to start re brown coal in Vic!!!!!!

Good luck holders

B Rubes