Media Watch - NVX related, page-6747

Last report was approx AUD $200 million in the bank.

If the application for the BIF grant is successful, another USD $100 million will be added to the kitty.

500t of NAM will be delivered to Samsung SDI this year with the Gen 3 systems coming online. Assuming USD $10,000 - 12,000 per tonne. That will be appropriately $5-6 million in revenue added in.

Kore Power delivery of 3,000TPA starting in 2024 and Dr Burns has indicated other customers will be taking on orders prior. My guess will be EnerDel who are the manufacturer for Emera Technologies BlockEnergy micro grids.

With Samsung SDI or Sanyo/Panasonic, we may see them committing funds to help scale their investments similarly to P66.

US DOE Loan Program is also on the table as Novonix gets closer to large scale contracts...

I think we are in a reasonable position moving forward for at least 12-18 months with the cash on hand. It's a capital intensive scale up and they are trying to execute multiple business opportunities in the supply chain. Lots of work ahead, but Management is world class and very savvy.