Announcement PDF ASX Announcement 30 November 2023 2023 ANNUAL GENERAL MEETING (AGM) GROUP MANAGING DIRECTOR & CEO PRESENTATION Parkway Corporate Limited (“Parkway” or the “Company”) (ASX: PWN, FSE: 4IP) is pleased to provide the attached presentation (“Presentation”) to be delivered by Group Managing Director & CEO, Bahay Ozcakmak, at the conclusion of the Parkway 2023 Annual General Meeting (“AGM”). PRESENTATION In addition to a general corporate update, the Presentation includes details about several significant achievements, as well as an overview of key CY2024 objectives, including a commercialisation update. AGM DETAILS The AGM will be held virtually at 12:00pm (AEDT) today. Shareholders Instructions for shareholders to participate in the AGM are outlined on your proxy form. To participate in the AGM online and watch the webcast, shareholders will need to visit: http://www.advancedshare.com.au/virtual-meeting And log-in using the "Meeting ID” and your personalised “Shareholder ID”. Non-Shareholders Non-shareholders of the Company are unable to participate, but can view the AGM at: https://www.advancedshare.com.au/Dashboard/Meeting-Casting-Control?meetingid=PWN0011 The release of this announcement has been approved by Parkway’s Group Managing Director & CEO, Bahay Ozcakmak, on behalf of the board of directors of the Company. ADDITIONAL INFORMATION For further information or investor enquiries, please contact: Bahay Ozcakmak General Enquiries Group Managing Director & CEO 1300 7275929 solutions@pwnps.com 1300 PARKWAY PARKWAY INVESTOR HUB To stay up to date with the latest news, access additional investor related resources including research reports and interact with Parkway by posting questions and feedback through a Q&A function, we encourage investors to signup to the Parkway Investor Hub. How to sign-up to the Parkway Investor Hub 1. navigate to https://investorhub.pwnps.com/welcome 2. follow the prompts to sign up for an Investor Hub account. 3. complete your account profile. or Scan QR Code to visit the Parkway Investor Hub. ABOUT PARKWAY CORPORATE LIMITED Parkway Corporate Limited is an Australian cleantech company focused on developing and implementing, industrial-scale innovative water treatment solutions. Parkway is listed on the Australian Securities Exchange (ASX: PWN) and is emerging as an innovative player in water related sustainability solutions. With significant inhouse technical expertise and established partnerships, Parkway is well-placed to deliver the next generation of wastewater treatment plants, incorporating the company’s portfolio of world-class technologies. Parkway operates through four (4) core business units, comprising: • Parkway Process Solutions (PPS) – Parkway’s primary operating division and an emerging provider of industrial water treatment products, services, solutions and associated technology to customers throughout Australia. PPS has recently established commercial relationships with key water industry participants, including globally recognised OEMs; • Parkway Process Technologies (PPT) – Parkway’s technology development, acquisition, and commercialisation division. PPT owns a portfolio of industrial wastewater treatment technologies, including the patented aMES® and iBC® process technologies. PPT has global aspirations and is supported by a network of strategic partners, including global engineering company Worley; • Queensland Brine Solutions (QBS) – is a recently established commercialisation entity, focused on advancing the objectives of Master Plan, a plan developed by Parkway to address the significant coal seam gas derived waste brine and salt challenges in Queensland, through the adoption of proprietary process technologies, developed by Parkway; and • Parkway Ventures (PV) – holds a portfolio of project equity interests, including interests relating to Parkway’s Karinga Lakes Potash Project in the Northern Territory of Australia. Additional information regarding Parkway, including an overview of the corporate structure of Parkway and the companies in its corporate group, can be found at: www.pwnps.com FORWARD-LOOKING STATEMENTS This announcement may contain certain “forward-looking statements”. The words “continue”, “expect”, “forecast”, “potential” and other similar expressions are intended to identify “forward-looking statements”. Indications of (and any guidance on) future earnings, financial position, capex requirements and performance are also “forwardlooking statements”, as are statements regarding internal management estimates and assessments of market outlook. Where Parkway expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, “forward-looking statements” are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Parkway, its officers, employees, agents and advisors, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. There are usually differences between forecast and actual results, because events and actual circumstances frequently do not occur as forecast and their differences may be material. Parkway does not undertake any obligation to publicly release any revisions to any "forward-looking statements" to reflect events or circumstances after the date of this announcement, or to reflect the occurrence of unanticipated events, except as may be required under the applicable securities laws. www. pwnps.com 30 NOVEMBER 2023 | ASX ANNOUNCEMENT | 2 Building an advanced industrial water treatment technology company. 2023 AGM – MD PRESENTATION CY2024 - COMMERCIALISATION UPDATE 30 November 2023 Bahay Ozcakmak ASX: PWN | pwnps.com Group Managing Director & CEO Disclaimer Forward-Looking Statements Completeness and Accuracy of Information This presentation may contain forward-looking statements. The words “continue”, “expect”, “forecast”, “potential” and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings, financial position, capex requirements, performance and timelines are also forward-looking statements, as are statements regarding internal management estimates and assessments of market outlook. No representation or warranty is made as to the accuracy, completeness or correctness of the information contained in this presentation. To the maximum extent permitted by law, none of Parkway, its directors, employees or agents or any other person, accept any liability for any loss arising from or in connection with this presentation including (without limitation) any liability arising from fault or negligence, or make any representations or warranties regarding, and take no responsibility for, any part of this publication and make no representation or warranty, express or implied, as to the currency, accuracy, reliability, or completeness of information in this announcement. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Parkway, its officers, employees, agents and advisors, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. There are usually differences between forecast and actual results, because events and actual circumstances frequently do not occur as forecast and their differences may be material. The Company does not undertake any obligation to release publicly any revisions to any "forward-looking statements" to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under the applicable securities laws. No Professional Advice The information in this presentation does not take into account individual investment and financial circumstances and is not intended in any way to influence a person dealing with any securities in Parkway. This presentation does not include any financial, legal or taxation advice. Any person intending to deal in Parkway securities is recommended to obtain professional advice. Additional Information This presentation has been prepared by Parkway Corporate Limited (“Parkway” or the “Company”)(ASX: PWN) and has been released on the ASX announcement platform and is also available at the Company website: www.pwnps.com Additional information regarding the Company can also be found at the Company’s website, or by contacting the Company at: ir@pwnps.com Image on front cover is of brine ponds associated with Shell QGC Orana Water Treatment Plant. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 2 Our Mission “ Building an advanced industrial water treatment technology company. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 3 CY2023: Key Highlights Technology (PPT) § Completed full Feasibility Study for global energy company. § Launched Master Plan and progressed key objectives. § Aligned Master Plan with objectives of key stakeholders. § Advanced upstream brine concentration opportunities. § Incubating various strategic technologies. § Various near-term high value integration opportunities. Operations (PPS) § Continued to successfully expand industrial client base. Financial § Record revenue growth ($4 - 5m). § Strengthened balance sheet ($4.9m cash at 30 Sep 2023). “ Throughout 2023, we successfully delivered on our key priorities and positioned Parkway for transformational growth. CY2024 Strategic Priorities § Technology – scale-up (Centre for Brine Technologies). § Technology – roll-out (build delivery capabilities). § Technology – capture value (various pathways). Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 4 Sustainability Through Deep Tech Innovation “ Innovation is (provides): § The ability to see change as an opportunity – not a threat . 1 § Change that unlocks new value . 2 § The ability to convert ideas into invoices . 3 Attributed source of innovation quotes: 1) Steve Jobs, 2) Jamie Notter, and 3) Lewis Duncan. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 5 OUTLINE Topics Page § PROBLEM: Impact of Extractive Industries 7 § SOLUTION: Innovative Technologies § MARKET: Addressable Wastewater Markets § TECHNOLOGY: Cracking the Code 8 9 10 § TECHNOLOGY: State-of-the-Art Capabilities 11 § TECHNOLOGY: Product Commercialisation Journey 12 § TECHNOLOGY: Industrial Commercialisation § TECHNOLOGY: Commercialisation Launchpad § Queensland CSG Opportunity 13 14 15 § The Challenge § Industry & Parkway Timeline 16 17 § Master Plan § Upstream Solution § Near-Term Applications 18 19 20 § KEY MILESTONES – Commercialisation Focus § CORPORATE 21 22 § Capital Structure § An Experienced Team § Generating Significant Traction 23 24 25 § Summary 26 Additional investor information available at the Parkway Investor Hub: https://investorhub.pwnps.com Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 6 PROBLEM: Impact of Extractive Industries MINING Unsustainable brine extraction creating community & environmental challenges. MINING Extensive wastewater generation, including waste brines and acid & metalliferous drainage (AMD). ENERGY Industrial wastewater produced as a result of oil production in Northern Alberta, Canada. “ Globally significant wastewater challenges, impact sustainability of extractive industries. ENERGY Waste brine ponds from coal seam gas (CSG) production in Queensland, Australia. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 7 SOLUTION: Innovative Technologies The Problem we are Solving § We are focused on industrial, mining & energy industries. § < 10% of industrial wastewater globally, is recycled. § We believe industrial process technologies are the answer. Our Process Technologies § We own a deep portfolio of proprietary (including patented) process technologies for industrial wastewater treatment. § Our process technologies: § Enable the processing of industrial wastewater to recover valuable minerals, reagents and water. “ Innovative technologies provide an opportunity to solve these problems, sustainably. § Improve the sustainability of industrial operations. § Have the potential to disrupt and/or impact the viability of major global industries. Development of Next-Generation Solutions § Significant ongoing investment in R&D and commercialisation to advance range of proprietary process technologies including various undisclosed technologies. Parkway Process Technologies (PPT) Capability Statement available for download here: https://pwnps.com/collections/ parkway-process-technologies § Ongoing efforts to continuously improve technologies towards achieving best available technology (BAT) status. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 8 MARKET: Addressable Wastewater Markets Key Markets Mining & Energy Industrial Wastewater Municipal & Desalination Challenges § Limited access to freshwater is driving need to recycle wastewater § Access to freshwater is becoming more difficult, costly and uncertain § Wastewater storage and discharge is increasingly being scrutinised § Major challenges impacting industry § Wastewater storage is problematic § Processing of waste is complex § Wastewater discharge is difficult § Processing of waste is expensive § Conventional treatment can be complex due to salts and organics PPS Opportunity § Parkway Process Solutions (PPS) § Projects require range of products and conventional solutions § Solid-liquid separation options including chemistry as well as membrane-based approaches § Projects require range of products and conventional solutions § Removal of contaminants and organics to meet wastewater discharge requirements § Projects require range of products and conventional solutions § Removal of salts, nutrients and organics to meet wastewater discharge requirements PPT Opportunity § Projects require range of products and next-generation solutions § Projects require range of products and next-generation solutions § Projects require range of products and next-generation solutions § Parkway Process Technologies (PPT) § Opportunity to recover economic quantities of products & reagents § Product recovery funds treatment § Opportunity to recover (and sell) and/or destroy contaminants, allowing subsequent discharge § The requirement for zero liquid discharge (ZLD) is increasing with the objective of reducing volumes Global Market Size > $25 Billion / yr > $100 Billion / yr > $25 Billion / yr § Wastewater treatment opportunities § < 10% of wastewater currently recycled § Large and growing global markets Market size estimates, in Australian dollars Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 9 TECHNOLOGY: Cracking the Code Cracking the Process Technology Code § Parkway is focused on developing industry-wide solutions (large markets) for some of the most difficult (complex and expensive) wastewater related problems facing extractive industries, such as the energy (oil & gas), and mining industries, globally. § We are developing proprietary process flowsheets that are highly effective, in recovering both water as well as saleable products. Problem > § Large scale issues as a result of legacy impacts from extractive industries. § Large companies have often exhausted conventional options. § Highly complex technical problems, requiring an innovative approach. Pre-Treatment > Core-Process > Post-Treatment > 3 0 7 V D S 8 3 5 4 1 8 W E T 9 4 6 5 2 9 X F U 0 5 7 “There’s a way to do it better – find it.” Thomas A. Edison § Parkway performs detailed process simulation & piloting studies in order to “crack the code”. § Several conventional and proprietary technologies are integrated to develop an optimal solution. § As the technology solution provider, Parkway is strongly positioned to capture share of value creation. Parkway Process Technologies – Proprietary Technology Portfolio Solution § Solution often involves the recovery of highpurity water, and the: § Production of reagents and/or industrial chemical products. § Substantial reduction and/or elimination of waste volumes. § Attractive financials. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 10 TECHNOLOGY: State-of-the-Art Capabilities Process Technology Development Strategic Partnership § Experienced inhouse engineering team with extensive process engineering and technology commercialisation capabilities. § Cutting-edge water and wastewater research conducted by Victoria University’s Institute for Sustainable Industries & Liveable Cities (ISILC). § Portfolio of highly innovative technologies developed inhouse. § Additional synergistic technologies acquired to consolidate technology portfolio into robust technology-based platform. Pilot Plant Facilities § Successfully scaled-up key process technologies through a series of pilot plant facilities to validate process performance. § ISILC researchers are recognised global leaders in a range of key research areas, relevant to Parkway. § ISILC have extensive water research capabilities including laboratory facilities with the latest analytical equipment. § Parkway has been collaborating with Victoria University since 2015 and acquired a broad portfolio of intellectual property. § Jointly secured competitive funding from the Australian Research Council (ARC) under various grant schemes. § Parkway has co-located piloting and research facilities, including research staff, at the nearby ISILC campus. § Several Parkway staff have honorary researcher status with ISILC, Victoria University, with Parkway MD Bahay Ozcakmak, an Adjunct Associate Professor since May 2020. Additional Capabilities State-of-the-Art Process Simulations § Parkway has developed extensive process simulation models that support a range of technology development, optimisation and technoeconomic evaluation related objectives. § Parkway is exploring opportunities with the University of Queensland, specifically focused on CSG brine impurities. § Parkway recently secured facility to establish Centre for Brine Technologies to support technology commercialisation. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 11 TECHNOLOGY: Product Commercialisation Journey Simplified Technology Start-Up Commercialisation Journey The Journey § THE CHALLENGE: Often a long journey with many uncertainties and obstacles to overcome. § The experimentation, iteration and pivoting is a key phase of the tech commercialisation journey. § THE REWARD: Technologies that succeed become highly valuable, creating significant opportunities. Initial Enthusiasm § Resembles PWN SP chart. Execute & Scale Optimism Early Start-up § Product Market Fit Reality Sets In § Critical validation milestone before product-technology can be rolled-out. Execute & Scale Several Parkway Technologies § Building technology delivery capability. Trough of Sorrow Product Market Fit Time Experimenting Iteration & Pivoting § Project Execution § Go-to-market strategy needs to align with market requirements. § Scale (Grow) Starts Working § Roll-out rapidly to maximise value. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 12 TECHNOLOGY: Industrial Commercialisation Target Markets Global Strategic Partnership § Large industrial markets (energy & mining industry). § Worley is a major global engineering company, with a mission focused on “delivering a more sustainable world”. § High-value applications (large projects). § Well-resourced clients (tier-1 industrial clients). § Urgency to act (financial, strategic & ESG related drivers). § Key Markets, Energy, Chemicals & Resources. § Operates in 46 countries (> 25,000 current projects). § > 50,000 people. Go-To-Market Strategy § Scale-up internal process technology capabilities, from process simulation and piloting, through to studies for execution phase. § Launched industrial water treatment business, Parkway Process Solutions (PPS) in July 2021, to build internal capabilities and provide access to products and services. § Worley provides engineering, procurement & construction, management (EPCM) related services to a diverse range of clients, many of which are Parkway’s target clients. § In May 2020, Parkway entered into a Global Strategic Partnership with Worley to commercialise key technologies. § In February 2022, partnership extended to incorporate additional technologies, targeting the CSG industry. Business Model § Technology licensing is key monetisation pathway. Additional Capabilities § Focus on large projects providing substantial advantages: § Parkway established relationships with leading global OEMs supplying key equipment for water & wastewater treatment. § Enables 10 - 20% technology licensing fee to be embedded into proprietary process solution. § Potential to toll-treat and/or build-own-operate (BOO): § Smaller plants ($3m - $20m CAPEX), if projects; § Generate high ROE (>30% pa) § Parkway’s PPS business provides immediate access to large range of industrial equipment suppliers at wholesale prices. § Investing in building strategically important inhouse: § technology delivery capabilities. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 13 TECHNOLOGY: Commercialisation Launchpad Methodically Executing Commercialisation Strategy § PPT is targeting large high margin projects with recurring revenues, in key target markets. § PPS provides launchpad for PPT to penetrate these target markets, as PPS: § has proven capabilities in providing industrial water treatment solutions. § has established relationships with key clients, partners and suppliers. Parkway Process Technologies (PPT) § is an operating business, generating cash flow. Because of the inherent advantages of innovative process technologies, PPT is likely to be able to create and capture significant value. Typical Advantages: Value Creation § higher margin (> 50% ROE) PPT Licensing Fees CY23 Sales § recurring revenues (earnings) Parkway Process Solutions (PPS) Group sales in the order of $5 million. The PPS business is providing a strong foundation in terms of capabilities to support growth of PPT. § typical margin (~30% GP) PPS Revenue Generation § Potential to grow PPS business through M&A, if the opportunity is § accretive, and provides capabilities. Time Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 14 QLD CSG Opportunity IMPORTANT INFORMATION This section of the presentation includes a range of estimates regarding potential market opportunities, various financial estimates relating to capital and operating expenditure (CAPEX and OPEX, respectively) as well as potential revenue generation opportunities. Whilst reasonable care has been taken in the preparation of any estimates, these estimates nonetheless represent a range of risks and uncertainties. It should be noted, that this information, including any estimates are intended as an indicative guide only, and should not be relied upon for any specific purpose, including any investment related purposes. Further cautionary statements, including details regarding forward-looking statements, are outlined in the Disclaimer section at the beginning of this presentation. All dollar ($) amounts in this section of the presentation refer to Australian dollars, in real terms (in 2023 Australian dollars). Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 15 QLD CSG OPPORTUNITY: The Challenge Industry Requires Permanent Solution § The Queensland coal seam gas (CSG) industry has invested >$100 billion in developing substantial gas production capacity. § Production of CSG derived gas, results in large volumes of waste brine production, stored in brine ponds on an “interim” basis. § Industry, through AEP*, has explored range of options, over many years, resulting in only 1 “viable” option, namely “salt encapsulation”. § Salt encapsulation is expensive, complex, represents unacceptable environmental risks and faces significant community resistance. 1 3 2 SALT PROFILE ~6 million tonnes of waste salts expected to be produced over life of existing CSG projects. Large proportion of salts already produced and stored in brine ponds. * Schematic adapted from, Australian Energy Producers (AEP, formerly APPEA) 1. Water Treatment Plants § x16 large capacity water treatment plants in operation. 2. Regulated Brine Ponds § x36 large brine ponds, storing waste CSG derived brines. 3. Proposed Industry Solution (Base Case), involves: § Transporting brine to a brine concentrator and salt crystalliser. § Crystallisation of waste salts then need to be transported. § Waste salts to be disposed in a regulated waste facility (RWF). § Fees payable to RWF operator as well as government levies. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 16 QLD CSG OPPORTUNITY: Timeline of Key Milestones CSG Industry Milestones Construction of QCLNG commences, world first project to convert CSG into LNG 1996 Parkway Related Milestones Parkway Minerals lists on the Australian Securities Exchange (ASX:PWN) 2011 2012 Queensland Government released the: Coal Seam Gas Brine Management Action Plan 2023-2033 University of Queensland published Independent Review of the 2018 APPEA Report CSG Water Management Policy released – outlining saline waste management priorities 2010 R&D activities relating to hypersaline brines, including CSG at Victoria University and CPC-AWT APPEA released landmark report: Queensland gas: end-to-end water use, supply and management First CSG derived LNG cargo exported from Gladstone in Queensland Commencement of domestic CSG production in Queensland 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Acquired the patented iBC® technology and associated IP Acquired Activated Water Technologies (CPC) including aMES® brine processing technology Signed Global Strategic Partnership Agreement with global engineering company - Worley Extensive process simulation, development, optimisation and piloting of iBC® technology Acquired comprehensive brine technology portfolio from Victoria University & broadened partnership Successful validation of several major technical breakthroughs Commissioned large capacity innovative pilot plant incorporating iBC® and related technologies Disclosure of Master Plan Concept and related technology innovations Completion of comprehensive feasibility study for a major CSG Operator Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 17 QLD CSG OPPORTUNITY: QBS Master Plan Development of Technology-Based Solution Master Plan Presentation § Parkway recently announced it is viable to treat concentrated CSG derived brines through a proprietary process technology platform developed by PPT. § Parkway process converts waste brine into valuable industrial chemical products. § Successfully performed a detailed feasibility study for the most advanced CSG Operator, to assess the technoeconomic advantages of the technology platform. Waste Brine Upstream Plant PRODUCTS Industry-Wide Solution § Caustic soda § Agricultural lime § Industrial salt Brine Concentrate Downstream Plant § Fresh water Master Plan – Key Advantages § Strategy to provide a complete and permanent industry-wide solution. Master Plan Presentation § Only viable option to convert waste brine into products, instead of disposing salts. Parkway Investor Hub: https://investorhub.pwnps.com/announcements/4 372527 § Potential to create > $15 billion in value over the life of existing CSG-LNG projects. Parkway Corporate Limited (ASX:PWN) | 2023 AGM: MD PRESENTATION – CY2024 Commercialisation Update | 30 November 2023 www. pwnps.com | 18 QLD CSG OPPORTUNITY: Upstream Solution Conventional Approach (Project 1 out of 4) Current Situation (3 out of 4 Projects) Waste Brine CSG desalination (RO) derived reject brine $XXX/m3 Waste Brine CSG desalination (RO) derived reject brine Brine Concentrator (BC) Only 1 of the 4 major CSG-LNG pr