Q&A with ECT, page-60

A quick review of the balance of reasonable questions, and ECT will call this thread over (from our perspective). Thanks to all who participated in an even tempered and balanced way.
We will, later this evening, post an article to our website which contains our Q&A items for the benefit of all who view this as the great portal of information it is!

Seems like this approach was appropriate for clarifying certain topics, and we will repeat again as needed.

regards to you all,

Ashley Moore


Quote: “A: Material differences – That its focused on the plant construction, as a specific item, as opposed to the overall project. Yes, those agreements will contain very specific capital, legal, commercial and transaction structure details.” Q: Is this is for the pilot plant only not the commercial plant, right? And the commercial numbers won't be available until after the pilot scale activities are complete?
A: The construction contract trigger point for the incentive is the contract associated with the Pilot/Demo plant for Matmor & Coldry. That contract will also be part of a longer term arrangement, which articulates through to commercial scale for the integrated plant. That longer term arrangement will include financing arrangements, supply contracts for raw materials and technology licensing. We anticipate performance hurdles will need to be met before progression through to commercial scale, but the structure is set up in readiness for that.
You also make comment regarding the capital cost estimation for the commercial plant. We’re now in the process of developing initial estimates for that as part of the TEF. These will, of course, be improved and refined to incorporate newly developed IP, as well as operating experience and learnings from the Pilot plant.