iii) Supply ChainTerraCom’s half year financial statements as at...

iii) Supply Chain

TerraCom’s half year financial statements as at 31 December 2023 disclosed a AUD 10 million feepaid to a third party provider for assignment of port and rail capacity for the period 1 January 2024 to31 December 2025. This was reiterated in the full year financial statements as at 30 June 2024 andhalf year financial statements as at 31 December 2024.

Based on market disclosures, TerraCom appears to have no port and rail capacity beyond 31December 2025, in 7 months’ time.

(iv) Operating Costs

Blair Athol FOB operating costs excluding royalty per tonne over the past 2 years has been an averageof $112.

if you are not paying attention you should pay attention now….. blind Freddy has no port and rail. Are they going have fund to support a new deal? I can’t see how.

bring back people that can run this business and get deals on the table.