Ann: Project update podcast with Managing Director, page-25

Recently Allan Mulligan referred to the graphite industry "as opaque".What could have he meant by those comments?Is he suggesting that the market is non transparent or was he suggesting that it is difficult to understand.A cloud of secrecy and full of those non-disclosure documents?

Contract negotiations are a prolonged process where time and space are required.Turning a draft document over in a short space can lead to mistakes or points being overlooked.Lets not forget that possible multiple end -user joint venture parties are involved and continued relations is of importance looking to the future. A staged development not all parties but the most suited will be signed.

Securing the right Off-take partner is of the most important restraint on WKT at this time and will likely be the foundation towards reward for all share holders.Having the benefit of being in the later position for an off-take partner in the market also has greater benefit and transparency for walkabout in which region that they decide to strike a deal with.

A quality western off-take partner will be the Meal ticket and order of the day.(Plate up)