Ann: Tanzanian Update on Mahenge Graphite Project, page-6

also, KNL announcement, today, was very positive...

KfW IPEX-Bank and Nedbank CIB have confirmed their intention to continue to progress the debt financing program and in drawing on their extensive African experience and relationships, remain of the view that the parties can develop a bankable debt financing structure for the planned development of the Company’s Epanko Graphite Project (“Project”). The proposed international financing arrangements will address the new legislative provisions dealing with in-country banking of product sales proceeds, financial reporting integrity and retained earnings following the release of the detailed regulations