The Word, page-5

Look at May 2019 presentation, https://wcsecure.weblink.com.au/pdf/LYC/02107222.pdf . Which said KAL would meet all and future needs of LAMP and Texas plus have capacity to do tolling work. They knew about License for several years and made no complaints because they thought KAL would be ready and have capacity First notice of new license requirements was 16 Aug 2019 https://wcsecure.weblink.com.au/pdf/LYC/02134354.pdf Yet they did not see this as a problems for several years and start complaining to MAL government about restrictions

I have no idea if GM for KAL is at fault Toly met him and said he was wonderful, for what that is worth. He has only been there a couple of years. Project design and most construction done long before then. If the CEO needs a sacrificial lamb any one SR. will do. JMO the real problem is the entire executive staff. Not one has any large construction experience. It takes experience to see problems with cost and time. It all looks great to people with no experience because the people presenting it do truly believe what they are presenting. AL seems to take this responsibility on personally. With what is going on in construction it is still amazing to me that AL never added theses skills to her staff, Never even replace Kam. Yes POL was assigned to take his responsibility's. Go to https://lynasrareearths.com/about-us/our-leadership-team/ and read his qualifications and all the other staff. I have been saying this for many years. IF anyone is to blame it is AL! Not for not having skills but for not seeing the problem and adding them. Of the 2019 projects what one is not late, or over budget. Rember in 2019 All four projects were suppose to cost "• A $500m capital plan self-funded with the ongoing support of JARE" See page 1 of 2019 plan, link above. KAL alone is now about 800M

Texas may be under budget because of USG grants but all the rest are over. Texas may go way over what US allotted we will have to see who foots the overage. it was originally due to be complete late 2022. Now even ground breaking has slipped 9 months and has not started yet.

If you did not know how bad things are going it is only because you do not want to know like many others on this board. It is all in docs from company just have to remember what was said in past, so you can look it up to refresh details.