CR, page-2

Excellent international summary article AUSHEDS, thank you. Esp:
"....On September 29th, Valence Industries Limited, (ASX: VXL) unchanged on the week, announced it’s nearing completion of the refurbishment of the Phase 1 Plant at its flagship Uley Graphite facilities in South Australia. Over the past week Valence Industries received delivery of the new mill that forms part of the primary processing circuit in the Phase I Plant. The installation of the mill along with the remainder of the primary processing circuit will be completed over the coming weeks. Work on the secondary processing circuit is effectively complete and ready for recommissioning using the stockpiled fines materials once final governmental approval is received. Completion of the Phase I refurbishment program is an exciting stage for the company and will be a significant milestone. The capacity to run the only graphite processing facility in Australia with Phase I to produce up to 14,000 tonnes of graphite each year is a significant step forward."