re: Ann: March Quarterly Activities and Cashf... No surpirises here and a very pleasing read. Coming soon;)
JORC Upgrade
Spin off mineral sands in to a separately listed company
13 mill in the bank so no CR
Already the biggest graphite resource on the planet and soon to get bigger.
Just the high grade = Inferred Resource of 157 Mt @ 17.1% Total Graphitic Carbon (TGC) & 0.43% V2O5 at a 5% cut off.
Ativa Zone at a grade of 21% TGC is amongst the highest grade deposits recorded for flake graphite globally.
Balama Scoping Study results are anticipated to be announced within 2 weeks. Also, the Balama East resource is anticipated to be announced within 2-3 weeks.
Issued Shares: 147,767,623
Options
Exercisable at $0.26: 3,101,967
Exercisable at $2.21: 500,000
Exercisable at $3.87: 1,000,000
Ann: March Quarterly Activities and Cashflow Repo, page-2
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