Ann: Annual General Meeting 2021 Presentation, page-243

Hi Blitz96 the project sure has them jealous...World Class offering US$1200 per product ton in margins...

AGM from Andrew: Just to clarify we haven't dropped off any flotation circuits. The flotation circuits that we have in the design are based on all the test work regimes that we have done. And that the fact is that the graphite liberates quite easily and it's upgraded pretty easily. After the first stage of clean-up floatation, we should be sitting in the low 90%s already and it takes a few more stages of floatation with attritioning to get it into our desired 95% or above 95%.

The back end we have announced that we relooked at the back end to get, [because that is] and Peter will confirm this, it's extremely important to deliver to spec. This means that your distribution of the flakes within your basket or your various flake sizes or screen sizes that are going to deliver should be within the acceptable percentages that are acceptable worldwide. In the back end, we've built in a 50% spare capacity to handle any surges or if there's any downtime and some of the screens to be able to handle this. So we are confident that any increase of the front end, and as Mike said, we are treating less material than the plant is designed for can be safely handled at the back end.

Regards Croc