Ann: Downstream Graphite Processing JV set to Commence in India, page-20

I feel the need to correct your call that Georg H. Luh GmbH is our partner. You may have the company confused with our German partner LuxCarbon or Austrian offtaker, Grafitbergbau. They are the supplier of our initial graphite feed, in an indirect way. But, I might just treat your man, Klaus, as a partner for educating the masses!

You are dead right... graphite has enough of a time getting attention in the EV space let alone the expandable graphite space.

There are a heap of ASX graphite wannabes who tout their future ability to supply customers with expandable graphite... but to be blunt, they are being misleading because all they are touting is their graphite can be sold to a third party who reaps the big margins. They can sell large flake (if it qualifies) into that market and nothng more. The point of difference is that BEM is going to be the joint-producer of ExpandedGraphite and sell that particular product at the EG prices of around $4,000 per tonne versus $1,100. Thats the blatant difference. The CAPEX is also happens to be low for this particular downstream process, we are fully funded already an we have the right peope for the job with the technical know-how and experience to make it succeed.

Thanks, MrG, for giving us the heads up on some educational material. I'll be sure to visit Klaus Rathberger's Linkedin page for interesting information. We will be needing some frequent and clever marketing for BEM to get this moving. So little is known in the investment market about Expandable Graphite and its uses in high-end products.