. The optimisation process is advancing and has already delivered some encouraging results, but further refinements are required, and there can be no assurance that the plant will consistently reach its designed performance within the near term.
. The major component of the current liability excess is the $46.067 million received from the Group's offtake partner as an advance receipt. This advance receipt will be settled from proceeds from the sale of SC6 to the offtake partner from production at Zulu Lithium and Tantalum Project ("Zulu") or alternatively through the issue of shares into Zulu based on market valuation of US$100 million if not repaid by 31 December 2025.