Ann: Lindi Jumbo Graphite Project Funding Update, page-1994

Good Morning AceGT

Where did you get the idea that doom and gloom brigade have accepted WKT funding has been approved.

The companies ASX announcement clearly states the funding proposal is conditionally approved.

WKT is in the process of completing all of the conditions precedent required by the bank.

Which includes approximately $32mil of funds needing to be raised by the company. Equity, working capital, OPEX, Insurance and Bank loan requirements.

If WKT doesn't raise $20mil next week, it is safe to assume this funding proposal is another PR stunt.