VRC short term achievement summary, page-6

Here is a quick comparison.

VRC is 4.9% contained graphite and reports 25% in super jumbo. So for each tonne mined you get 49kg of graphite of which 13kg (rounded up) is in the super jumbo category.  

**Regarding this 25% though, the PFS (table 5) shows a maximum % in super jumbo of 9% so not sure where the 25% is coming from. So if anyone could shed some light here that'd be appreciated as I think this may be why the SP has been tanking on the back of the PFS and all news since maybe?

So to get one tonne of super jumbo graphite VRC has to mine about 77 tonnes of raw material graded at 5.1%. Opex = $536/ tonne

Another ASX listed company reports 19.6% in the super jumbo category and their resource is graded at 16.2% TGC.  So for each tonne mined they recover 162kg of graphite of which 32.4kg is in the super jumbo category.

So to get one tonne of super jumbo graphite they have to mine 30.9 tonnes of raw material. Opex = $292 / tonne

Admittedly the second example has a far smaller resource but I really believe that grade is far more important than size.

@Graphene you just mentioned the super rare super jumbo could you please clarify how much % distribution is in super jumbo as table 5 in the PFS would suggest it is among the worst, not the best.

Cheers.