This is promising: "Most recently, we announced a maiden...

This is promising:

"Most recently, we announced a maiden Inferred Mineral Resources of 5.4 million tonnes at 13% TGC (at a 6% cut-off) with contained graphite of 702,600 tonnes, making it one of the highest grade graphite
deposits in the world. We plan to spend $500,000 in the near future on a further drilling program at Caula with the aim of increasing and upgrading the resource.
A further announcement will be made as results of that drilling program come to hand."