Ann: June Quarterly Report and Appendix 5B-GPX.AX, page-3

"As well as visiting the proposed project site, meetings were held with various Tanzanian Government
departments and officials, logistics providers and the Mtwara Port Authority.

The key remaining due diligence items to be completed include finalising China Gold and CNBM’S confirmatory testwork and obtaining the mining licence for the Chilalo Graphite Project. A 500kg representative sample of Chilalo ore has cleared customs in China with Suzhou now undertaking confirmatory testwork. The Chilalo Mining Licence application is currently being processed by the Ministryfor Energy and Minerals and is expected to be granted in August 2016."

- A lot of key points, it seems you are correct @jag142 if the mining license is granted, we could be seeing a retrace. Still a few items to be completed, but since the confirmatory test work and mining license are concurrent, we could see a wave of positive announce, literally starting from any day this month.

Good Luck to All, I might start soaking this week.