Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

Like I said. $billions

Magnis Executive Director Mr. David Wang visited the Nachu project site with interested counter-parties who wish to work with the Company to develop the Nachu Project into an operating mine.Discussions are now underway with next steps being planned with a final goal being definitiveagreements.Discussions for off-take are also progressing with Chinese based end-users of Jumbo and SuperJumbo graphite products with sample testing being organised.