Ann: Black Rock Delivers 39% Increase to JORC Mineral Resource-BKT.AX, page-3

Highlights
• Total Mineral Resource increased by 24% to 162.5Mt @ 7.8% TGC with a
high grade portion of 38.7Mt @ 9.9% TGC
• Ulanzi Mineral Resource increased by 39% to 111.8Mt @ 8.2% TGC
• 12.7Mt of contained graphite with 8% of resource tonnes in the Measured
and 40% in the Indicated categories. 13.3Mt of Measured Resources @ 8.9%
• Now the third largest graphite Mineral Resource Globally (JORC compliant)
• Cascades infill drilling resource upgrade expected in late 2016 will further
increase global resource with higher grade zones expected
• 99% purity concentrates with demonstrated ability to make premium
downstream spherical and expandable products
• The Pre-Feasibility Study (PFS) planned for release in November 2016 and the
Definitive Feasibility Study (DFS) is expected in March 2017