general discussion, page-893

I was having a look over past Annual Reports and I must say that long term holders have been amazingly patient for such a long ride.

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I am sure many holders are well aware of the
LMG Hydromet extraction process patents.

The extent of the patents was something I was looking for.

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For those of us who are newer to LMG, the patents have been lodged and registered in:

• Australia
• European Union
• United States
• Idonesia

• India and
• China

(Source: 2019 Annual Report)

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The cost associated with registering Patents is massive. The amount of due diligence, legal cost and administration is substantial and should be seen as a massive grounding imo.

Now that the Latrobe site has electrical works reconnected and the administration building refurbishment completed, the project inception is looking positive.

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The sp bouncing around is a well known cycle, the significant movement I am looking forward to will be process equipment being installed and as commissioning phases begin.

In the recent Quarterly Activity Report

" Excited to keep both new and existing shareholders informed of the design, development and construction of the demonstration plant."

Like many, "I await with a worm on my tongue" (Baited breath)