Ann: Positioned for Lithium exploration, page-81

Zarzoore - let's not forget that Boasteel and Aurizon together are substantial CUL shareholders with about 7.4% or 102m shares.

With that in mind, this from 2012 may be relevant:

Shanghai Baosteel Magnetic Industry co., LTD is an advance technology enterprise in Shanghai, mainly for the comprehensive utilization of iron oxide red and iron oxide phosphorus, which is up to now the biggest manganese zinc ferrite magnetic material powder supplier. In the June of last year, Baosteel Magnetic Industry co., LTD with the project of research and development for battery positive use lithium iron phosphate materials was officially set up.

http://www.baosteel.com/group_en/contents/2863/40435.html

And more recently, 29 March 2016:

Since 2011 Baosteel has provided approximately $16 million to BAJC [Baosteel-Australia Joint Research and Development Centre] , to support 40 research projects. The centre has developed new products, including magnesium, aluminium, and titanium alloys, and worked on advanced materials including high-performance lithium-sulfur battery cathodes, and graphene.

https://www.uq.edu.au/news/article/...t-gives-stamp-of-approval-aussie-universities

GL