Earnings release
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HazerGroup Local Technology for Global Markets Hazer Group Limited ( ACN 144 044 600 ) Level 9 , 99 St Georges Tce , WA 6000 PO Box Z5511 , St Georges Tce , Perth , WA 6831 APPENDIX 4C - 30 JUNE 2021 QUARTERLY ACTIVITIES & CASHFLOW REPORT Highlights : • Hazer Commercial Demonstration Plant Project – civil site preparation completed ; significant procurement contracts awarded ; engineering design and materials selection progress . Site construction activities have commenced . Hazer maintains a strong financial position with cash reserves of $ 24.6 million . • Strategic investor AP Ventures contributes $ 4 million through Convertible Notes . • • Andrew Hinkly joins Hazer Board , providing international expertise in hydrogen markets . Post quarter end , Hazer received approval confirming the completion of Milestone 2 under the ARENA Funding Agreement , releasing $ 1.77 million of restricted funds . PERTH , AUSTRALIA ; 26 JULY 2021 : Hazer Group Ltd ( " Hazer " or " the Company " ) ( ASX : HZR ) lodges the following activity update and attached Appendix 4C Quarterly Cashflow Report for the twelve months ended 30 June 2021 . Key activities undertaken during the quarter are outlined below : Hazer Commercial Demonstration Plant - rendered image Hazer Commercial Demonstration Plant update A key focus of the Company's activities continues to be the execution of the Hazer Commercial Development Project ( " CDP " or " Project " ) . Successful execution of the CDP demonstrating Hazer's technology scale - up represents the key next step in fully commercialising the Hazer Process . The CDP is a 100 tons per annum , low - emission hydrogen production facility that will be the first larger scale , fully integrated deployment of the Hazer Process . The CDP is located at the Water Corporation's Woodman WWW.HAZERGROUP.COM.AU CONTACT@HAZERGROUP.COM.AU 1