Member Info for MCNol

That was a positive AGM, no need for funding at present. Banks preferred option. ML in Q1, cash from US H1, rig to be loaned out. Board cannot issue shares without shareholder approval for 12 months.

Meeting concluded

Q - CPR - funding for that? CEO 'we want to ind the right person to complete, (CPR) reasonable turnaround time'.

Jacobs 'no plan to issue new shares in 3 months'

Jacobs 'other operations not contemplated atm'

Q - cashflow for 12 months, rig hot stacked, is that for current op activity? Jacobs 'Developent costs noit in the bank at the moment'. 'looking to banks, will come from an external source, trying to keep this as undilutive as possible'

CEO - Offtakers 'prelim conversations'.

ML approval - doesn't it take 6 months? 'I didn't state it would be approved this year'

'FS and EISA part of the ML and have been submitted'

CEO - 'Rig hot stacked'

'early discussions with an operator at the moment' (about loaning out rig.

Chairman ' SP, dont see resonse' expected from PR and announcements 'AIM companies poor response generally'

'not just a pure exploration company and SP will respond to that change next yuear'

Jacobs- First revenues ' before end of H1 2025'

Funding position - ' sufficent cash reserves for 12 months'

'in discussions with usual suspects, banks, offtake companies'.

Chairman ' not aware of any illegal SP manipulation'

'MM have to use their ability to utilize our spread and I think that is what is generally going on'

Why Bluestar - CEO - ' 2 He development projects in portfolio' and 'diversify risk profile of the company'. 'portfolio of mature He projects'.

Chairman ' where will you be in 5 years time'

'continue to review opportunities'. 'ambition to become a strategic He player in a supply constrained market'.

Jacobs - Cost to develop project 'region of 75 to 100 m USD'

CEO ' 600 page FS'

'other ML in country can take from 3 months'

'ongoing positive dialog with ministry in TZ'. "dedicated team (TZ government)'

'FS high level document' Have been advised by legal councel that FS should be undercover until award of ML.

CEO ' focussed on moving forward and development of Rukwa"

"primary helium player in Tz"

'Project moneytisation'

Jacobs 'fully funded for the next 12 months'. 'clean bill of health from the auditors'.

Jacobs '9.2 m ring fenced for US operations'

Jacobs ' G&A 5% increase over prior year'

Bluestar -other wells 'in fairway' with project. 'infrastructure and downstream users there already'

'Helium in solution'. consulting with NGO to utilise the water in Rukwa region.