Tungsten in the Battery Metals game, page-12

I think $265m is too high for what is covered by the next BFS. Aiming for $200m. Basically, it will cover the main pit. stockpile and very little of the west dyke, iron duke or underground. Yes, price is up, resource is up, debt assumption is down, more hard rock mining years. The major swinger is the currency. Previous BFS assumed 73c. Now 63c.

When they drill the surface at dyke West then the NPV is likely to be $260m plus. I think that will be in the coming months.

I listened to Kevin's interview on ABC Radio and he referred to tungsten being used in fast charging batteries again. Lets hope Nyobolt/Masan make some noise about this soon.