Ann: Agreement with Tanzanian Government to progress Nachu, page-136

We are not only making money selling Nachu graphite, now other G companies need us in order to export there graphite or the way i understand it they will need to comply with the new mining laws..

Nachu graphite just became more in demand....i cant see how this will be commercially viable for some...KNL for example are over 1000Klm away, VRC are neighbors so there is an advantage to one but not the other....

Several other companies with graphite operations in the Nachu region have expressed interest in either having ore or graphite concentrate treated at the Nachu plant to create advanced products that will be permitted to export. These companies are currently arranging samples to be sent for metallurgical testwork using the Magnis process. Magnis stands to benefit considerably from the potential supply of suitable ore from other sources in the region, as it will be the owner and operator of the first advanced graphite processing plant in Tanzania. It has the potential to be a regional processing facility that would allow other companies graphite concentrates to be processed into advanced products