please, page-7

After years of Intec talking up the eafd,most recently in regards the delta plant........

"Importantly, economic modelling shows that long term operation of the Refractory Unit for EAF dust
recycling alone (just by itself and excluding the additional value of the other business units on the
Newcastle site) fully justifies the capital costs for the acquisition of the entire site, while providing an
attractive return on investment for Intec’s shareholders."

Intec now say........

"The Directors are investigating a range of options for the treatment and/or disposal of the EAF
dust stockpiles, either by the Group itself or by external parties. At the current time the Group has
not determined the most advantageous treatment and/or disposal option."