Commenting on the progress achieved to date, Director of Metals...

Commenting on the progress achieved to date, Director of Metals Australia, Mr Gino D’Anna stated:

“We are pleased that the bridge and road access across the project has now been completed. This will benefit the Company and the project for many years to come as we seek to develop this high-grade near surface graphite project. With access to key infrastructure and projects of significant scale within a 5 km radius of our high-grade Lac Carheil Prospect, Metals Australia is in an enviable position.

Graphite prices remain stable and buoyant as a key input into the lithium-ion battery.

Our future partner, Nanhai Carbon, has satisfactorily concluded its initial phase of product testing on the Lac Rainy graphite and have confirmed its suitability as a spherical graphite due to its inherent properties of beneficiating as a fine grain material with high-purity and simple processing techniques.”