Ann: Balama Central Graphite Project Feasibility Study results, page-4

Good to have a final figure of project scale!

“Balama Central provides scope for self-funded growth from a ~50,000tpa production- rate to at least 150,000tpa.”

That’s 40% to 50% additional upside on Balama project alone, compared to previous indication.

Will work out at around 20% to 25% additional upside on the combined projects.

See preso slide for historic figures.



This is without upside from spherical graphite or vanadium that could be introduced quite easily later. Testwork and scoping pending.