1414 Degrees Limited has executed a work order with ElectraNet to commence the Generator Performance Standard study for the Aurora Energy Project. The GPS study is the primary activity remaining in order to be approved by the Australian Energy Market Operator to connect to the National Electricity Market and negotiate a Transmission Connection Agreement with ElectraNet. The commencement of the GPS study follows confirmation of the key technical input parameters of the 140MW/1-2hr capacity Battery Energy Storage System that will comprise Stage 1 of the Aurora Energy Project, which will unlock the site's future development.

14D has appointed Emanden Technical Solutions (Emanden) as owner's engineer and AECOM as the modelling consultant to manage and execute the GPS study. Emanden and AECOM are highly experienced in undertaking these activities in the NEM and South Australia. 14D is now working with Emanden to finalise the selection of preferred equipment providers, as announced in the March quarterly release of 27 April.

In addition, 14D is engaging with potential prospective commercial partners for the Aurora Energy Project following the decision by Ovida to withdraw on 5 April. The Aurora Energy Project is located near Port Augusta and includes Development Approval from the South Australian government for a BESS up to 140 MW /280 MWh, 70 MW solar photo-voltaic array and 150 MW Concentrated Solar Power as well as connection to the adjacent 275 kV transmission line. The focus remains on the establishment of a connection agreement and initial development of a 140 MW /1-2hr BESS with the final investment decision for procurement and construction targeted for late 2022.

All rights to the development of Aurora are held by Silicon Aurora Pty Ltd. a 100% owned subsidiary of 1414 Degrees.