Ann: Shareholder Update, page-2

Well - some progress. However, the findings from commissioning don't sound small (although I actually have no idea):

1. Replace the tank that receives the furnace dust slurry exiting the ball mill with a bottom-fluidised agitated system to ensure a constant density slurry is delivered to the EVAP unit.

2.Upgrade the gas line to increase pipeline capacity and improve gas delivery to the EVAP unit.

3.Install a new discharge system to enhance the removal of the product (iron chloride/iron oxide/zinc oxide pellets) from the EVAP unit.

Not cost or timeline implications given, which is a little disappointing. However good we are actually in the commissioning phase and we are getting some progress.