JM 50mins, page-51

LIO signed with one of the biggest chemical minerals producers in Asia Pacific (hopefully we see ann on Monday more around this) PEPR to be submitted in June, and should take a few months to be approved. FID this second half of this year sometime. 90% at Bronzewhaler pure halloysite and will be going back there to drill soon. Pilot plant to arrive in the next 5 days. They have multibillion dollar companies looking at the NNT. Looking to upgrade the pilot plant at streaky bay and James said it is not difficult to do. Currently identifying the long lead items and will be placing orders for them soon to ensure they arrive in time for production. Again he mentioned they will be making profit in the 2nd year and the profits will be reinvested back into the company to develop the next stages as this will protect shareholders (I think what James meant by this is less dilution for shareholders in order to develop the next stages). Next few weeks/months, we will see some exciting news flow.