Ann. out - Exception high grade intersection, page-58

Syrah's initial Inferred mineral resources Balama West & East were reported as follows;


"Syrah's Maiden inferred mineral resource at its Balama West project currently hosts an inferred resource of some 567.9-million tonnes, grading 9.8% graphite and 0.21% vanadium pentoxide, for 55.13-million tonnes of contained graphite and some 1.17-million tonnes of vanadium pentoxide at a 5% TGC cut off.

Syrah's Maiden Balama East deposit is estimated to host some 579-million tons of ore at 10.6% graphite and 0.26% vanadium. Within this resource, a high-grade Mepiche zone was estimated to host an inferred resource of 145-million tons at 15.1% graphite and 0.43% vanadium at a 5% TGC cut off."



Some similarities to Ton's reporting to date maybe drawn from this.