Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8

Great result for the bulk sample work.

I don't believe this has been reported before. 150 tonnes achieving an average grade of 97.1% (C) of graphite concentrates and graphite recovery of 96%. This exceeds the respective parameters of the Siviour DFS (94.5% grade and 95.5% recovery).





Crucially, worldwide graphite and critical minerals in generally are no longer just economic resources, but a matter of economic security.

Australia’s future prosperity depends on the success of our major economic resources like Siviour. The loss of royalties from coal and gas will undoubtedly be replaced by a higher percentage of critical minerals, which is one of many reasons why the Australian government has backed a $185m support loan to RNU. Two main geoeconomic strategies to break China-dependency have emerged from two of the world’s largest trade blocks, the EU and US, namely “de-risking” and “decoupling” strategies. These actions are being played out.

Of all the graphite movers, only the most-advanced and shovel-ready projects are likely to succeed.

Looking forward to further updates as the US administration stamps its agenda.

ALL IMO, DYOR, GLTA(Patient)H