Quarterly Activities/Appendix 4C Cash Flow Report

• Fourth pilot production spin of proprietary Nullarbor™ fibre advanced with upgraded microbial cellulose feedstock delivered to India-based manufacturing partner** • Optimisation of microbial cellulose washing and treatment process, enabling direct integration into existing lyocell infrastructure without further pre-processing • Fourth pilot spin expected to produce ~500kg of Nullarbor-30™ fibre,