Ann: Quarterly Activities and Cashflow Report, page-3

HIGHLIGHTS• Positive discussions held with the Tanzanian Government to advance the Epanko financing• New Minister for Minerals appointed and leads Government initiatives to encourage mininginvestment in Tanzania• Epanko financing submission being prepared for the Tanzanian Government• Successful completion of battery graphite optimisation program confirms advantages ofpurification process• International patent filed over optimised purification process flowsheet• GR Engineering updating 2017 downstream processing study with results expected this quarter• Product qualification program attracting significant interest and discussions in progress withseveral groups about collaboration and partnership on business• Benchmark Mineral Intelligence reports battery graphite demand increased 40% in China during2018 with pricing increasing 20%