Ann: Outstanding Drill Results from Sugarloaf Graphite Prospect, page-27

JRIPodcast is doing a pod with the MD in the near future and requested questions for him. Imagine he will cover this, but maybe ask him some specific questions to include.

My understanding, for what it’s worth, is that they have confirmed it’s microcrystalline graphite carbon, that is conductive, not resistive as Archer previously interpreted. This was done in an announcement towards the end of 2022.

so now they have to work out if they can process to a battery anode material, and that has no specific timeline, because they have to effectively “crack” the code, which the likes of Talga have done previously.

This is why if they see similar drill results at Lacroma they are likely to be more significant in the immediate term as they already know the material can be processed to battery anode material. That’s the interesting bit for me, they seem confident in their geo model, so will be interesting to see what that means for all of the drilling they are doing at Lacroma where they are doing 500%+ times the drilling. Anyway as he has suggested we should start seeing these results in a few weeks.