Announcement PDF Table of Contents Corporate Information………………………………………………………………………………………………………………………3 Chair’s Letter…………………………………………………………………………………………………………………………………….4 Review of Operational Activities……………………………………………………………………………………………………….5 Review of Corporate Activities………………………………………………………………………………………………………..12 Directors’ Report…………………………………………………………………………………………………………………………….14 Auditor’s Independence Declaration……………………………………………………………………………………………….33 Consolidated Statement of Profit and Loss and Other Comprehensive Income……………………………….34 Consolidated Statement of Financial Position………………………………………………………………………………….35 Consolidated Statement of Changes in Equity………………………………………………………………………………….36 Consolidated Statement of Cashflows………………………………………………………………………………………………37 Notes to the Financial Statements……………………………………………………………………………………………………38 Directors’ Declaration………………………………………………………………………………………………………………………70 Audit Report…………………………………………………………………………………………………………………………………….71 Additional ASX Information……………………………………………………………………………………………………………..75 2|Page Annual Report 30 June 2023 Corporate Information Directors Cathy Moises (Non-Executive Chair) Matt Shackleton (Managing Director & Chief Executive Officer) Jonathan Fisher (Non-Executive Director) Company Secretary Joel Ives Registered Office & Principal Place of Business Level 4, The Read Buildings, 16 Milligan Street PERTH WA 6000 Telephone: +61 8 9322 1003 Solicitors Steinepreis Paganin Level 4, The Read Building, 16 Milligan Street PERTH WA 6000 Share Registry Automic Registry Services Level 2, 267 St George’s Terrace PERTH WA 6000 Auditors KPMG 235 St George’s Terrace PERTH WA 6000 Website www.australianpotash.com.au Stock Exchange Listing At the date of this report the following are listed (suspended from trading 2 October 2023) on the Australian Securities Exchange: Australian Potash Limited fully paid ordinary shares (ASX code APC) 3|Page Annual Report 30 June 2023 Chair’s Letter Dear Shareholders Welcome to the 2022/23 Annual Report for Australian Potash Limited. I had the pleasure of becoming your Chair following the Company effectuating the Deed of Company Arrangement in February 2024. The 2023 financial year, and the period up to the date of this report, was undeniably a difficult and tumultuous time for the Company, the Lake Wells Sulphate of Potash Project (LSOP), stakeholders and of course you as a shareholder. The optimism the board and management team had towards the likely successful development of the LSOP was tempered during the period by the continued travails of peer developers, a deteriorating economic climate and the consequential cooling of investor interest in the newly emerging Australian potash sector. During the year to 30 June 2023, the Company’s management team continued to generate new interest in the LSOP development opportunity, as well as fostering the discussions and due diligence processes that were already afoot. Notwithstanding the consistent feedback as to the quality of the work that the team had conducted on de-risking the LSOP development, the worsening economic climate for large scale capital expenditure programs, driven in the main by the rising cost environment typified by inflation rates of over 5% per annum, together with the demonstrable and public execution failures in the sector, culminated in the board reshaping the strategy for the LSOP development in the interests of preserving as much shareholder wealth as feasible. Following the year end, the Company surrendered the mining leases that comprised the LSOP and by October 2023 had finalised rehabilitation of site disturbances and demobilised all personnel. The period of transformation for the Company continued through the appointment in December 2023 of voluntary administrators. A Deed of Company Arrangement was proposed by Managing Director and CEO Matt Shackleton in January 2024, with creditors resolving to accept the terms of that DOCA, with control of the Company returning to directors on 1 February 2024. As we now prepare to finalise the recapitalisation of the Company I would like to express my gratitude to you as one of Australian Potash’s shareholders. On successful completion, your Company will be ideally positioned to take advantage of the enormous potential of the Lake Wells Gold Project and the extremely interesting Western Australian West Arunta rare earth and lithium prospects at the Nexus Project. The board and management team look forward to working with all of our stakeholders over the coming year as we continue to strive to create meaningful shareholder value. Cathy Moises Non-Executive Chair 4|Page Annual Report 30 June 2023 Review of Operational Activities Lake Wells Gold Project The Lake Wells Gold Project (LWGP) operated as a joint venture with St Barbara Limited (SBM) between 7 October 2018 until 12 August 2022, at which time SBM withdrew from the Project. On withdrawal SBM attended to its rehabilitation obligations and transferred its interest in the tenements and all of the geological data and analysis it had generated from the project back to APC. The Company is now a 100% holder of the tenements. The Company commissioned the full reinterpretation of all of the available data across the entire area of the LWGP subsequent to the end of this year’s financial reporting period. The Lake Wells Gold Project is located at the northern end of the Yamarna Belt of Western Australia, and includes the northernmost section of the Yamarna Shear Zone(“YSZ”). The YSZ is a regional scale shear zone which roughly represents the contact between the Yamarna Belt Greenstones and the surrounding country rock granites and it plays a major role in the formation of gold deposits in the local area including hosting Gold Road Resource’s “Golden Highway” complex of deposits 55km to the south. Gold Road has also identified high grade gold mineralisation to the east of the YSZ at the Ibanez prospect which is just 3km to the south of the Lake Wells Gold Project. Potential Gold Targets Two higher priority target areas have been identified as being prospective for potentially economic gold mineralisation and have not yet been fully tested by drilling. Western Target: This target is the projected northern strike extension of the YSZ and is prospective for Golden Highway style mineralisation. The target consists of a 6km strike length of untested YSZ which has only a single drill line over it, the two holes on that line which coincide with the shear zone have returned anomalous gold grades of up to 0.28g/t (2021LWDD0017) and 0.94g/t (2020LWAC1075). The Golden Highway on the Gold Road Project comprises a 10km long section of the YSZ which is a consistent 20m - 50m wide ductile shear zone within mafic volcanics with a background gold grade of 0.1g/t. The shear hosts several discrete high-grade shoots with a strike length of 600-800m, 3-5m width and gold grades >5g/t. Formation of the high-grade shoots appears to be related to a series of NW trending faults which breaks the main Yamarna Shear up into a series fault blocks or “compartments” with a high-grade shoot developing within a compartment constrained by the cross-cutting faults. When reviewing the magnetic geophysical data, the magnetic units which represent the Yamarna Shear, and the host units of the Golden Highway mineralisation can be traced striking north into APC’s ground. It appears that these prospective units could be located further to the west than previously interpreted so the existing AC drill lines that were intended to test the Yamarna Shear may have actually stopped too far to the east. This is supported by 2019 St Barbara JV gravity data (refer to figure 2 below) which shows the gravity high (greenstones) extending west beyond the end of the regional AC lines. St Barbara conducted a structural review of the project in 2020 and have interpreted NW trending structures crossing the interpreted position of the Yamarna Shear giving the area a similar structural setting to the Golden Highway. Eastern Target: The target is an 8 km strike extension of the Ibanez host rock package. The magnetic data shows that this package continues north from Ibanez up through APC’s tenements for 8km and includes a prominent S shaped bend featuring a nearly 90-degree strike change which is considered a desirable structural target for gold mineralisation. Existing drilling, mostly AC over this area only consists of 1,600m - 2,000m spaced drill lines which are too widely spaced to effectively test for a small footprint (600m - 800m strike length), high grade deposit. 5|Page Annual Report 30 June 2023 Review of Operational Activities Mineralisation at Ibanez is hosted within a narrow dolerite which has intruded into a volcaniclastic package with a 600m long high-grade shoot with gold grades of up to 10g/t. The change in strike as the stratigraphy is folded around the S bend are positions where dilation zones will develop and provide favourable positions for additional dolerites to intrude and these dolerites would then be preferred host rocks for Ibanez style gold mineralisation. The Lake Wells Gold Project Figure 1: The Lakw Wells Gold Project sits across the Yamarna Greenstone Shear Zone on the eastern edge of the Yilgarn Craton 6|Page Annual Report 30 June 2023 Review of Operational Activities Figure 2. Gravity results showing greenstones extending west of regional drill lines. 7|Page Annual Report 30 June 2023 Review of Operational Activities Nexus Rare Earth Project (Nexus) The Company has sought to grow its footprint in a new prospective region of Western Australia by making application for a new exploration licence (E80/5917) and entering into a Tenement Sale (Purchase) Agreement for a contiguous exploration licence (E80/5778) in the West Arunta. The Company refers to this as its ‘Nexus Project’. Attention has been focused on the West Arunta region recently through the discovery of a high-grade carbonatite hosted niobium deposit by explorer WA1 Resources Limited (ASX: WA1). The area of focus for WA1 is approximately 80km to the north of APC’s new tenure (see Figure 3 below). The area is also the subject of an exploration joint venture between a private company and Rio Tinto Exploration Pty Ltd. Furthermore, major Western Australian nickel and lithium production company Independence Group (ASX: IGO) has tenure to the east of the Nexus Project. The Nexus Project was previously partly explored by Canadian base metals production company First Quantum Minerals (FQM) between 2015 and 2016, who drilled five aircore/slim line reverse circulation holes into the area of E80/5778 as part of a larger drilling campaign across the area. While ostensibly exploring for a large copper system hosted in the basement, FQM submitted 526 samples for multi-element assay. Figure 3: APC’s Nexus Project location in the West Arunta region of Western Australia showing relative tenure positions of niobium discoverer WA1, Rio Tinto Exploration and IGO, and drill-hole locations of previous work conducted by FQM Nexus Exploration Strategy Several samples analysed by FQM returned anomalous lithium and total rare earth oxide (TREO) assays, and further work conducted by ASX-listed NorWest Minerals (ASX: NWM) in 2022 on the same ground showed that TREO mineralisation increased in concentration with increasing distance from the Webb Granite contact (Refer to NWM ASX Announcement on 22 February 2023). 8|Page Annual Report 30 June 2023 Review of Operational Activities Geologically, the zone to the south of the Webb Granite is typified by thick (up to 100m) lacustrine and palaeochannel sediments overlying Amadeus Basin metasediments. It is surmised that as the granites and metasediments in the region oxidise and weather, they ‘shed’ contained components into the nearby sediment traps. The differing mobility properties of the released elements and minerals shed then determine how far they travel, and if they are stopped (or caught) in the palaeochannel and lake clay systems to the south. About clay-hosted lithium and ionic rare earth projects There are several examples of clay-hosted lithium and ionic rare earth projects guiding the Company’s exploration strategy at its LSOP Project area and the Nexus Project. America Battery Technology Company’s (OTCMKTS: ABML) Tonopah Flats and Ioneer Limited’s (ASX: INR) Rhyolite Ridge clay-hosted lithium project in Nevada, Arizona Lithium Limited’s (ASX: AZL) Big Sandy lithium project in Arizona and Jindalee Resources Limited’s (ASX: JRL) McDermitt lithium project in Oregon represent the largest lithium Mineral Resource clay projects. These range from ~1,000-2,000 ppm Li in grade and occur as flatlying stratigraphic ore bodies within lacustrine sedimentary sequences (Refer to INR ASX Announcement on 27 April 2023; ASL ASX Announcement on 28 April 2023; JRL ASX Announcement on 28 April 2023; ABTC website: www.americanbatterytechnology.com). Clay-hosted rare earth projects, or ionic clay deposits (when a reasonable proportion of the contained rare earths are clay-adsorbed) are a major global source of rare earths, with China dominating production. A number of other operations globally are nearing production from this deposit type (eg. Aclara, Serra Verde) and many in Australia and globally are at advanced stages of exploration (eg. Koppamurra SA, Caldeira Brazil). Ionic clay deposits can be economically attractive due to the potential for much cheaper mining and metallurgical methods when compared to hard rock rare earth deposits. APC’s exploration strategy at the Nexus Project is to expand the work conducted by FQM and NWM, by pursuing the increasing tenor of lithium and rare earth mineralisation in the lacustrine clays overlying the Bitter Springs formation to the south of the Webb Granite (see Figures 4, 5 and 6). Figure 4: APC’s Nexus Project tenements overlain on magnetic image depicting the contact zone between the Webb Granite and the palaeochannel/lacustrine sediments sitting over the Amadeus Basin metasediments 9|Page Annual Report 30 June 2023 Review of Operational Activities Figure 5: APC’s Nexus Project tenements overlain on radiometric image depicting the contact zone between the Webb Granite and the palaeochannel/lacustrine sediments sitting over the Amadeus Basin metasediments Amadeus Basin metasediments Figure 6: APC’s Nexus Project bedrock geology (geophysical interpretation) & tenement E80/5778 with FQM drill collar locations Laverton Downs Project (LDP) The Laverton Downs Project is 100% owned by APC and located approximately 20km north of Laverton. Regional geology highlights the potential for gold and nickel sulphide mineralisation. Project evaluation undertaken to date by APC has incorporated regional datasets, detailed magnetic data and high precision geochemical assay results derived from historical bottom of hole drill samples. In March 2023, the Company executed a Tenement Sale Agreement for the sale of the tenements comprising the LDP to Maverick Minerals Pty Ltd. The terms of the all-cash transaction comprised a $10,000 one-off payment on the execution date of the transaction (received) and a $200,000 payment on settlement. Maverick Minerals Pty Ltd is pursuing an Australian Securities Exchange listing of its shares, and anticipates the settlement of the transaction following the completion of that listing, which had not been achieved at the date of this report. One of the conditions of the Deed of Company Arrangement effectuated in January 2024 was that the proceeds of settlement of the LDP transaction with Maverick would be paid into the creditors’ trust and used to settle creditors' claims. 10 | P a g e Annual Report 30 June 2023 Review of Operational Activities Lake Wells Sulphate of Potash Project (LSOP) All mining and miscellaneous tenure comprising the Lake Wells Sulphate of Potash Project had been surrendered by 31 October 2023. The Company retains the extensive data base of drilling, assay, geotechnical, seismic and design data and criteria that were generate over the several years the LSOP was explored and studied. Following the extensive rehabilitation of the ground disturbance footprint at the LSOP, all equipment and personnel were demobilised from site by the end of October 2023. Competent Person’s Statement The information in this report that relates to Mineral Resources, exploration targets, geological interpretations and mineral grades is based on information that was compiled by Mr John Vinar. Mr Vinar is the Principal Geologist and a Director of Barking Outback, a firm that provides consulting services to the Company. Neither Mr Vinar nor Barking Outback own either directly or indirectly any securities in the issued capital of the Company. Mr Vinar is a geologist and a member of the Australian Institute of Mining and Metallurgy. Mr Vinar has over 35 years of technical experience and therefore has sufficient experience which is relevant to the style of mineralisation and type of deposit and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Vinar consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. Forward Looking Statements Disclaimer This Report contains forward-looking statements that involve a number of risks and uncertainties. These forwardlooking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. 11 | P a g e Annual Report 30 June 2023 Review of Corporate Activities Board of Directors and Key Management Personnel On 27 June 2023 Mr Brett Lambert resigned as a non-executive director of the Company. On 27 June 2023 Mr Patrick Leung resigned as Chief Financial Officer of the Company. Capital Raising On 24 August 2022 the Company announced the results of a non-renounceable entitlement offer to eligible shareholders as follows: Acceptances from eligible shareholders totalled $4,365,686, representing a 57% take up of entitlements. The results of the Offer are as follows: Shares Options Maximum securities offered under the Offer1 202,096,283 101,048,142 Entitlement acceptances2 114,886,356 57,443,348 Shortfall securities to be placed 87,209,927 43,604,794 Notes: 1 The maximum number of securities is the actual entitlements calculated with appropriate rounding. 2 The calculation of the entitlements taken up is based on the total subscriptions from the Offer and additional subscriptions from eligible shareholders for Shares over and above their entitlement. On 16 March 2023 the Company announced the results of a placement to existing shareholders at $0.014 per share, raising $2.08m. Options were issued on a 1:1 basis, free, with a 3 year expiry date and exercisable at $0.036 per option. Maximum securities placed under the Offer Shares Options 115,408,645 115,408,645 Community Engagement Heritage Survey Heritage surveys were conducted in September 2021 and March 2022 with heritage consultants and Traditional Custodians. Building on the previous ethnographic surveys, these surveys were conducted to assist with preparing site avoidance and management strategies, if and where applicable, at the LSOP. No sites of cultural significance were identified across the proposed development areas surveyed. Laverton Training Centre The Laverton Training Centre (LTC) is an initiative of APC which provides access to nationally accredited vocational training for long-term unemployed Aboriginal people living in this remote part of Western Australia. The LTC is a registered charity (Public Benevolent Institution) with the Australian Charities and Not-for-profits Commission and a registered deductible gift recipient with the Australian Taxation Office. The LTC training ethos is modelled on the highly successful Martu-ku Yiwarra Training Centre in Wiluna, a unique four-year pilot remote Aboriginal vocational training program, with delivery by Central Regional TAFE Kalgoorlie as the registered training organisation. 12 | P a g e Annual Report 30 June 2023 Review of Corporate Activities Refurbishment of the dedicated LTC facility at 2 Crawford Street, Laverton began in August 2021 and training commenced in late February 2022. Further information regarding the LTC is available at the Centre’s website at www.lavertontrainingcentre.org. Corporate Governance The Board of Directors of APC is responsible for corporate governance of the Company and the Company is committed to implementing a governance framework of the highest standard. The 2023 Corporate Governance Statement is available on the Company’s website at www.australianpotash.com.au/site/About-Us/corporategovernance. 13 | P a g e Annual Report 30 June 2023 Directors’ Report Your directors submit their report on the consolidated entity (referred to hereafter as the Group) consisting of Australian Potash Limited and the entities it controlled at the end of, or during, the year ended 30 June 2023. Directors The names and details of the Company's directors in office during the year and until the date of this report are outlined below. Directors were in office for this entire period unless otherwise stated. Natalia Streltsova (Non-Executive Chair until 1 February 2024) Resigned 1 February 2024 Dr Streltsova is a PhD qualified chemical engineer with over 25 years’ minerals industry experience, including more than 10 years in senior technical and corporate roles with mining majors Western Mining Corporation Ltd, BHP Group Ltd and Vale S.A. She has a strong background in mineral processing and project development across multiple commodities, including potash and phosphate fertilisers. Dr Streltsova has considerable international experience covering project development and acquisitions in several jurisdictions including North and South America, Africa and Central Asia. Other current and former ASX-listed directorships (last 3 years): Name of Company Position Held Date commenced Date resigned Centaurus Metals Ltd Non-Executive Director 15 August 2022 n/a Neometals Ltd Non-Executive Director 14 April 2016 n/a Ramelius Resources Ltd Non-Executive Director 1 October 2019 n/a Western Areas Ltd Non-Executive Director 1 January 2017 20 June 2022 Matt Shackleton (Managing Director & Chief Executive Officer) Mr Shackleton is an experienced director with over 25 years in senior corporate positions both in Australia and the UK. Previously the Managing Director of ASX-listed Western Australian gold developer Mount Magnet South NL, Mr Shackleton was the founding director of ASX-listed and West African gold and bauxite explorer Canyon Resources Ltd. He has also held senior roles with Bannerman Resources Ltd, a uranium developer, Skywest Airlines Ltd, iiNet Ltd and DRCM Global Investors in London. Mr Shackleton holds a BComm (Economics & Accounting) from Murdoch University in Western Australia, an MBA from The University of Western Australia, and is a Fellow of the Institute of Chartered Accountants, Australia & New Zealand, and a Member of the Australian Institute of Company Directors. Other current and former ASX-listed directorships (last 3 years): None Brett Lambert (Non-Executive Director) Resigned 27 June 2023 Mr Lambert is a mining engineer and experienced company director in the Australian and international mineral resources industries. Over a career spanning 35 years, Mr Lambert has held senior management roles with Western Mining Corporation Ltd, Herald Resources Ltd, Western Metals Ltd, Intrepid Mines Ltd, Thundelarra Exploration Ltd and Bullabulling Gold Ltd. He has successfully managed several greenfields resource projects through feasibility study and development and has been involved in numerous facets of financing resource project development. Mr Lambert has experience as a director of companies listed on the ASX, AIM and the Toronto Stock Exchange and holds a BAppSc (Mining Engineering) degree from Curtin University in Western Australia and is a Member of the Australian Institute of Company Directors. 14 | P a g e Financial Report 30 June 2023 Directors’ Report Other current and former ASX-listed directorships (last 3 years): Name of Company Position Held Date commenced Date resigned De Grey Mining Ltd Non-Executive Director 26 October 2017 22 July 2019 Metal Hawk Ltd Non-Executive Chair 3 July 2019 9 September 2023 Metals X Ltd Non-Executive Director 24 October 2019 10 July 2020 Mincor Resources NL Non-Executive Chair 1 January 2017 6 July 2023 Musgrave Minerals Ltd Non-Executive Director 4 February 2021 4 September 2023 Saturn Metals Ltd Non-Executive Chair 9 April 2020 n/a Cathy Moises (Non-Executive Chair from 1 February 2024) Ms Moises assumed the role as Chair of the Company on the resignation of Dr Streltsova. Ms Moises holds a Bachelor of Science with Honours in Geology from the University of Melbourne and a Diploma of Finance and Investment from the Securities Institute of Australia. She has extensive experience in the resources sector having worked as a senior resources analyst for several major stockbroking firms including McIntosh (now Merrill Lynch), County Securities (now Citigroup) and Evans and Partners where she was a partner of that firm. More recently in 2017-2019, Ms Moises was Head of Research at Patersons Securities Ltd. Ms Moises brings substantial experience to APC in company management, capital markets and institutional investor engagement in the gold, base metals, mineral sands and rare earths sectors. Other current and former ASX-listed directorships (last 3 years): Name of Company Position Held Date commenced Date resigned Arafura Resources Ltd Non-Executive Director 1 December 2019 n/a Eastern Metals Ltd Non-Executive Director 26 July 2021 4 October 2022 PacGold Ltd Non-Executive Chair 11 February 2021 n/a Pearl Gull Iron Ltd Non-Executive Director 1 February 2021 5 April 2022 Podium Minerals Ltd Non-Executive Director 11 January 2021 n/a WA Kaolin Ltd Non-Executive Chair 22 May 2020 n/a Rhett Brans (Non-Executive Director) Resigned 1 February 2024 Mr Brans is an experienced director and civil engineer with over 45 years’ experience in project development. He was a founding director of Perseus Mining Ltd and served on the boards of Tiger Resources Ltd, Monument Mining Ltd and Syrah Resources Ltd. Throughout his career, Mr Brans has been involved in the management of feasibility studies and the design and construction of mineral treatment plants across a range of commodities and geographies. Mr Brans holds a Dip.Engineering (Civil), and is a member of the Institute of Engineers, Australia. Other current and former ASX-listed directorships (last 3 years): Name of Company Position Held Date commenced Date resigned AVZ Minerals Ltd Non-Executive Director 5 February 2018 n/a Carnavale Resources Ltd Non-Executive Director 17 September 2013 n/a 15 | P a g e Financial Report 30 June 2023 Directors’ Report Jonathan Fisher (Non-Executive Director) Appointed 1 February 2024 Mr Fisher is an experienced resources industry executive and the current Chief Executive Officer of Cauldron Energy Limited (ASX: CXU). He holds degrees in Commerce, Law and Finance and has held senior positions with TNG Ltd (Chief Financial Officer), Atlas Iron Limited (General Manager Corporate Finance), Price Waterhouse Coopers, Rothschild (London) and Poynton and Partners. Mr Fisher is a graduate of the Australian Institute of Company Directors (GAICD) and fellow of Finsia. Other current and former ASX-listed directorships (last 3 years): Name of Company Position Held Date commenced Date resigned Pearl Gull Iron Limited Non-Executive Director 1 February 2021 31 March 2023 M8 Sustainable Limited Non-Executive Director 1 September 2021 6 December 2021 Company Secretary Michelle Blandford Resigned 1 February 2024 Mrs Blandford (née Simson) has 25 years’ administration experience, including the last 20 years in the resources industry working in both exploration and mining companies in the commodities of gold and uranium. Mrs Blandford has previously held positions with Agincourt Resources Ltd, Nova Energy Ltd, Navigator Resources Ltd and Breaker Resources NL and has completed an Executive Master of Business Administration with Distinction at The University of Western Australia and a Graduate Diploma in Applied Corporate Governance. Mrs Blandford is a Chartered Secretary and Member of the Governance Institute of Australia. Joel Ives Appointed 1 February 2024 Mr Ives is a Chartered Accountant who has held numerous roles as Chief Financial Officer and Company Secretary of private and public start-up technology and resource exploration companies. He has assisted a number of ASX listings, via both Initial Public Offerings and Reverse Take Overs and has ensured ongoing regulatory compliance post-listing. Mr Ives is currently a Company Secretary of Green Technology Metals Limited (ASX:GT1). He is also Joint Company Secretary of Kuniko Limited (ASX: KNI) and OD6 Metals Limited (ASX:OD6). Interests in the shares and options/performance rights of the Company and related bodies corporate as at the date of this report Options over Ordinary Shares Ordinary Shares Matt Shackleto