Ann: Tanzania Special Supplement Bills, page-316

From the BKT update:

Tanzanian Mining Legislation and State Agreements
"On 12 July 2017 the Company released to the ASX a “Tanzania Update” that discussed proposed legislation changes
to mining in Tanzania that included a 16% Free Carried Interest and an increase in the royalty rate from 3.3% to 4.3%.
The Company now understands there is an ability to negotiate a State Agreement for the Mahenge Graphite Mine
that can override certain elements of the new legislation. The Company has commenced a process to negotiate a
State Agreement that is likely to consider the Free Carried Interest, royalty rate and fiscal stimulus options with a view
to providing the market, off take and funding partners with sufficient certainty to ensure the project’s success."

It sounds like the Tanzanian government is flexible with regard to these new tax laws. Hopefully common sense will prevail and WKT is able to negotiate a deal that fair and equitable for both parties!

Our finance update can't be far away IMO.