Ann: Quarterly Activities and Cashflow Report 31 March 2024, page-4

I don't think RNU need any more graphite, they have plenty to work with themselves.

Personally i think the demand will arrive at some stage, we are still only very early in the transition, the demand growth is ultimately massive. Also I don't see how synthetic graphite is a long term solution for western markets, given how many emissions it creates. It sort of defeats the purpose of the transition in the 1st place.

I think the critical piece for ITM is having a material enough resource to justify a mining/processing operation. Resource estimate at Lacroma central going to be interesting, but also the Lacroma North drill results they refer to, is there additional tonnes of a similar scale there.