https://www.asx.com.au/asxpdf/20141128/pdf/42v3l2mf5r0zcb.pdf...

https://www.asx.com.au/asxpdf/20141128/pdf/42v3l2mf5r0zcb.pdf

Have to go back to 2014 for this presentation detail, but as things are moving on the Vanadium front, makes it relevant today.

Since this presentation, TON has taken the more solid foundation of prioritising its Ancuabe - flake graphite project that suits the fire retardant market, (and with some battery grade as well in its flake distribution.)  This prudent approach was necessary until the demand for the battery side gathered steam and matured.

However, we are now in a world where both Vanadium and battery grades demand outlooks are strengthening.  And brings this massive vanadium resource back to relevance.