1. SummaryMarket Cap = $9 millionFully Underwritten $3 million...

1. Summary

Market Cap = $9 million

Fully Underwritten $3 million raise at 5 cents

Within the Top 10 global resources based on graphite grade

JORC Indicated and Inferred: 2.2 Mt at 15.1% TGC (5% TGC cuto?) or 3.23 Mt Indicated and Inferred at 11.2% TGC (2% TGC cuto?)

Graphite ?ake length 50-1500 micron

Up to 40% total graphic carbon (TGC)

Mineralisation extends from surface to at least 125m below ground level

Strike length of at least 500 metres

Simple open-cut mining operation

Conceptual Mine Plan: 30,500 -35,000 tpa of >93% TGC from 250,000 tpa of ore

Good infrastructure (South Australia - Port Lincoln) - Power, Water, Transport, etc..

5 - 7.5 year mine life on existing JORC resource, but open at depth and along strike

Aircore drill samples produced 93-96% C concentrates with 91-98% recovery

Surface trench samples produced 97% C concentrates with up to 27% premium coarse ?ake at +150 micron

Exploration target: 33 - 94 Mt

Assays 'in progress' for second graphite project in the same region


2. Grade Comparison




3. Resource Size (Kookaburra Gully - only 2.2 Mt at 15.1% - not the 23 - 44 Mt Exploration Target at 10 - 15% when updated JORC is released in coming months)




I feel I have reason to be bullish. Could be wrong though.