Zeotech Limited advised that it has received promising results from agronomic studies undertaken by Griffith University. The results follow a nine-month GU research program that commenced in November 2020, titled Exploring Agricultural Applications for Synthetic Zeolites 1. GU's nine-month Pilot trial has revealed that there is considerable potential to develop Zeotech products that offer solutions for large-scale agricultural challenges. The results provide confidence in the use of synthetic zeolites to develop an economically compelling fertilizer delivery platform, which offers multiple adjunct benefits including the potential for CO2 sequestration, as well as the application of synthetic zeolites as an agricultural pollutant treatment. In November 2020, Zeotech engaged Griffith University to undertake a preliminary scoping project to explore potential agricultural applications for a range of synthetic zeolite products, which are under development using proprietary mineral processing technology from The University of Queensland. The objective of the GU Pilot trial was to evaluate the effectiveness of Zeotech's synthetic zeolites for a range of agricultural applications including: Intercepting and retaining nutrients (particularly nitrate, ammonium, and phosphate) associated with agricultural runoff; Incorporation into soils as an amendment to improve crop/pasture growth in the critical establishment phase of agronomic production systems; and Acting as a substrate to facilitate removal of agricultural pesticides from runoff and soils. The Pilot formed part of GU's wider research program to investigate opportunities harnessing natural zeolites to help agronomic systems cope with emerging challenges, including fertilizer resource scarcity and increasingly difficult growing conditions wrought by changing climates. The outcomes of the Pilot trial are very promising and support a more comprehensive agronomic research program that will underpin the development of Zeotech products for fertiliser delivery, incorporating carbon sequestration; and agricultural pollutant treatment. Studies revealed exceptionally high phosphate retention by Zeotech products. This finding allows for a potentially twinned benefit of nutrient interception from waste streams coupled with re-application to agricultural soils as a fertiliser. Testing demonstrated Zeotech products were able to remove pesticide from solution and actively degrade it. This holds promise for applications relating to agricultural runoff treatment. GU's study highlighted greater moisture retention capacities for Zeotech's products when compared to natural zeolites. This offers potential benefits to the agricultural sector including increased soil resilience to drought and improved soil microbial health. The pilot trial work revealed that the alkaline pH of Zeotech's products could mitigate soil acidification. This is a common problem across the agriculture sector resulting from sustained application of chemical fertilisers. The promising outcomes will allow GU and Zeotech to progress a comprehensive agronomic research program that will underpin the development of new Zeotech products for fertilizer delivery. The Company will explore opportunities to incorporate carbon sequestration; and agricultural pollutant treatment. Zeotech expects to commence the follow up study in the December quarter 2021.