CALIX LIMITED (CXL)

The suspension of trading in the securities of Calix Limited will be lifted immediately following the release by CXL of an announcement regarding the award of a material funding grant.

Calix has been awarded a $15 million grant from the Australian Government to reimburse up to 50% of the expenditure to build a commercial demonstration electric calciner for near zero emissions lime and cement in South Australia, subject to achievement of Project milestones. The novel, renewably powered CCU project will create two revenue streams via a near zero emissions lime product and the sale of captured CO2 for use as a chemical feedstock. The Leilac technology will be used to capture up to 20,000 tonnes of process CO2 emissions per annum produced unavoidably in the manufacture of cement and lime. Up to 15,000 tonnes of CO2 per annum will be sold to the SM1 project to produce green methanol. Additional captured CO2 may be supplied to other users in local industry. The SM1 project is being developed by a consortium of partners, including Vast and German energy company Mabanaft3, under the Australian-German funded HyGATE initiative. Calix will collaborate with its partners on the operation of the electric calciner and sale of its lime products. A second phase of the project aims to develop a novel cement making process for near zero emissions cement.

The securities of Calix Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CXL, pending the release of an announcement regarding the award of a material funding grant.

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