Shareholder Update - Q&A Session - ECT_Rep, page-9

Hi baliboy, thanks for the question, though not sure if your reference to '5 trucks of Coldry pellets per month' is in response to the caption to a photo in our announcement where we note 'With at least 5 full truckloads of lignite to be delivered every day once full operation commences access points need to be widened and upgraded.' If you are referring to this, then you'll note the quantity is 5 truckloads per day, not per month. And the loads are inbound lignite, not outbound Coldry. As outlined in the announcement, we're targeting revenue of ~$6m and net cash flow of up to $2.5m. This target would be achieved through the sale of ~15,000 tonnes a year of char and ~5,000 tonnes of Coldry pellets, based on current market prices and estimated production costs.