Update on Hazer Group's Commercial Demonstration Plant

Hazer Group Ltd (ASX: $HZR) has achieved a significant milestone with the successful completion of the initial performance test runs at its Commercial Demonstration Plant. The company confirmed the achievement of first hydrogen and graphite production and 36 hours of continuous hot operation, demonstrating the commercial scalability of Hazer's technology. The results provide confidence in the technology's capabilities, and the company is now preparing for extended duration runs in line with the test program schedule.

Executive Commentary on Technology Milestone

This is a first-of-a-kind technology with cutting-edge innovation, and I am delighted with the team's early progress and the initial results that demonstrate the fundamentals of Hazer's technology for the first time at commercial scale. The team is working diligently to use every opportunity to record and analyze the test data and use it to improve our subsequent runs and future commercial plant designs.

Summary of Commercial Demonstration Plant Update

Hazer Group (ASX: $HZR) has successfully completed the initial performance test runs at its Commercial Demonstration Plant, achieving the first hydrogen and graphite production milestone. The results have provided confidence in the commercial scalability of Hazer's technology, with preparations underway for extended duration runs to further validate larger scale design performance and graphite production. The company's Managing Director and CEO, Glenn Corrie, expressed delight in the team's early progress and the technology's demonstration at commercial scale. Hazer is set to host an investor webinar to discuss the CDP operations and the company's strategic priorities for 2024, providing shareholders with an opportunity to gain further insights into the milestone achievement and future prospects.