Ann: Ancuabe Permitting Update, page-56

Firstly the EV market require a high grade & purity graphite.

Secondly you can talk about supply & demand however Triton have already secured offtakes for 50% of anticipated production.

We are only targeting 60,000t per annum at Ancuabe so provided we can provide offtakes or free market sales for the remaining 50% we cannot ask for more.

The world will be looking to spread it's risks in the graphite sector over the coming decade. Governments will look to secure suppliers outside of China & any one company.