KNL Update, page-106

Considering it has been carnage out there lately, I think we are holding up very well...most buys have gone trough @0.165c and Germany had most buys yesterday @0.17c on above ave vol and today continued with 0.17c buys for 23k vol so far.

So all considered it's looking good. We should get a steady news flow from here.

* Downstream Processing Plant update re economic improvement via processing using EcoGraf

* Downstream Processing Plant update re offtakes/cornerstone

* EcoGraf (GermanPlant) update re progress and also investors coming on board.

* GOT further announcement re final requirements so finance application can proceed

* GOT further announcement re SEZ licence

* GR Engeneering to sign Early Works Agreement