Ann: Lindi Jumbo Project Update, page-37

Hi Blitz,

I would have thought you would have known WKT's strip ratio.

For Lindi it's 4.4 tonnes of waste for 1 tonne of graphite ore. Other companies you like to discuss have strip ratios of 0.4 waste for each tonne of graphite ore.

This is why I am surprised WKT's mining costs are forecast to be 50% cheaper than the other company when it needs to move 50% less material to produce 1 tonne of graphite ore.

Anyway, I am surprised you haven't used WKT's suspension to review your investment, If WKT cannot even get its SBLC correct when the rampers around here claim to have a finance expert on the board or build the mine within the 7-9 months forecast, I have little hope it will be able to achieve its innovative mining methods - selective mining of the same host mineralisation. As you would be aware, if this is unsuccessful, the average TGC grade is more likely to be 10-12% rather than the forecast 17.9%.

I can see this ending in tears for many LTH,