Share Price, page-266

CAPEX

The capex you are probably thinking of is the USD $42.3M needed for Montepuez. Refer to the value engineering study for Montepuez

https://newswire.iguana2.com/af5f4d...ure_of_Montepuez_will_revolutionise_economics

We're all waiting for the funding story to be revealed. A key part is the 10c unlisted options will provide around AUD $32M in funds. These expire 31 July. These being "in the money" will be an important step.

NPV

From Morgan's Research:

https://batteryminerals.com/wp-content/uploads/2018/03/Morgans-Research-Report-17-Jan-2018.pdf



NB - NPV for Montepuez was not identified in the Value Engineering Study. For company-supplied figures perhaps see the original Montepuez DFS:

https://newswire.iguana2.com/af5f4d..._anode_PFS_and_Montepuez_Graphite_Project_DFS

I can't find company figures for NPV for Balama. We are waiting for the DFS for Balama to be completed.